Topic Finance

News & Stories

GBI sells two investments to Lloyd Fonds
29.6.2007

Berlin. Gesellschaft fuer Beteiligungen and Immobilien-Projektentwicklungen mbh in Berlin sold two profitable hotel investments to Lloyd Fonds AG in Hamburg.

Hypo Group Alpe Adria under fire
22.6.2007

Vienna. Not one, but two commissions of inquiry are presently busy at work in Austria with Austria's largest state bank, the Carinthian Hypo Group Alpe Adria. The subsidiary Carinthia Holding Investment plc, created for regional development projects, acquired the famous Velden Palace from Gunther Sachs four years ago at a price tag of 22 million Euros. Now, Austria's houses of parliament have turned their attention to the bank.

Real estate: Investors and operators discuss future financing
Hotel managers to become property managers
18.5.2007

Berlin. The hospitality real estate industry is conquering the capital market. This results in high demands with regard to added value to investments from a hotel's and a real estate's point of view. At the "Hotel Dialogue Asset Hotel Real Estate - A complex management composition" staged by Bernd Heuer Dialog GmbH in Berlin, the requirements of this development were highlighted.

Real Estate Investment Trusts (REITS) in Germany
New opportunity for German investors
4.5.2007

Berlin. In Great Britain, a country which in least in terms of financial innovation is more than a short head in front of Germany, busy work on a hotel-REIT is underway. This particular REIT consists entirely of hotel real estate. The Royal Bank of Scotland together with the real estate giant Richard Balfour-Lynne now intends to bring the biggest part of its hotel property under the name Vector to the stock exchange and do more than just quickly convert the properties into cash.

New Spanish fund closed
4.5.2007

Barcelona. Meridia Capital Partners, a private equity group based in Barcelona, Spain, closed its first fund, "Meridia Capital Hospitality I".The fund will invest in the luxury hotel sector, buying or developing hotel real estate, preferably in Europe, the Caribbean and Latin America, Morocco, Turkey and India.

Morgan Stanley shows interest in NH Hoteles
9.3.2007

Madrid. Morgan Stanley's investment funds bought 6,5 percent of the share capital from NH Hoteles. The deal was supported by Ponte Gadea.

The many cases of corruption in (hotel) construction are no coincidence
Spain leads into temptation
2.3.2007

Madrid. Everything is just one big misunderstanding. This is at least the view being taken in the headquarters of Santana Cazorla on Gran Canaria. There, everyone is convinced that the corruption accusations made against their boss are "completely unfounded". All of the group's activities are, it was stated, "completely above board and legal". Yet Club-Aldiana owner and property developer Santiago Santana Cazorla now enjoys his freedom on borrowed time, after he was arrested and interrogated on corruption charges on 5 February of this year. In the Spain of today, this is no single occurrence.

Loipfinger's 2007 market analysis of investment models
Hotel funds climb at a low level
9.2.2007

Rosenheim. The real estate industry can be more than satisfied with 11.6 billion Euro investment capital after the omission of tax benefits. Not even the optimists expected this result. Real estate funds even achieved an increase of about one billion Euro reaching 4.96 billion Euro. This positive trend was also apparent with regard to hotel investments, but on a lower level. Only about 5.1 percent of the investment total was attributed to hotels. A few days ago, the renowned fund specialist Stefan Loipfinger from Rosenheim presented his fund analysis.

Kempinski Grand Hotel Heiligendamm again in the headlines
Bank calls in loan, Dressler packs his bags
2.2.2007

Berlin. The Grand Hotel Heiligendamm operated by Kempinski remains in troubled waters producing negative headlines. On February 1, 2007, in the midst of the prepartion for the G8 summit in June, General Manger Torsten Dressler resigned from his position. To crown it all, HypoVereinsbank prematurely called in a loan. hospitalityInside explains the background.

Austrian Government saves Rogner's show resort Blumau
In dire straits
26.1.2007

Vienna. Even in specialist circles the "furore" made by Austrian thermal spa hotelier Robert Rogner jun. came as a surprise. He informed public offices at relatively short notice that the heavily subsidised loans for the Hundertwasser spa resort Blumau were no longer available.

Stock Exchange

Share price performance of the week 23/01/15 - 29/01/15

HI+Share price performance of the week 23/01/15 - 29/01/15

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 Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+Rezidor SAS: Strongly improved performance

Brussels. Rezidor SAS Hospitality announced its results for 2005. The company generated group wide revenue of MEUR 587.0 as compared to MEUR 498.7 in 2004; an increase of 17.7%. The key driver of this financial development is an 11% growth in the company's Revenue Per Available Room. In 2006, the company will continue with its vigorous development strategy with an increased focus on developing Russia, CIS and East European markets.

HI+Record 2005 Fourth Quarter

Washington DC. Full year management and franchise fee revenue of Marriott International exceeded US-Dollar 1 billion in 2005. Earnings per share totaled US-Dollar 2,89, up 17 percent from 2004.

HI+Starwood stays successful in 2005

White Plains. The operating-results of the year 2005 of Starwood Hotels & Resorts were positive. The EPS from continuing operations grew. Incoming from continuing operations was 423 Million US-Dollar, the Company has total net debt of 2,941 billion US-Dollar.

HI+Accor: Higher revenues 2005 driven by Economy

Paris. Accor's consolidated revenue rose by 7.9% to EUR 7,622 million for the year ended December 31, 2005. At constant scope of consolidation and exchange rates, the increase was 4.7%. The Group's overall good performance was led by the Services business, the US Economy Hotels segment, and Economy Hotels. The Upscale and Midscale Hotels segment in Europe remains sluggish.

HI+Substantial Improvements

Hamilton/Bermuda. Hotel earnings both in Europe and North America showed substantial improvement over the prior year's third quarter. Orient-Express Hotels Ltd., owners of 49 deluxe hotel, restaurant, tourist train and river cruise properties in 25 countries, published its results for the third quarter and nine months ended September 30, 2005.

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