News & Stories
Mandatory ESG criteria are set to shape hotel finance in the future. However: No one knows exactly which sustainability standards have to be met, nor which certificates make sense. Calls for clarification from the EU are increasing. An Expo Real discussion at the hotel conference hit the nail on the head.
Investor TPG is close to completing the sale of its German hostel business A&O.
Numa Group has secured USD 59 million in growth capital under lead investor Verlinvest to expand with its digital hospitality platform.
The German Federal Constitutional Court must now listen to the Cologne-based Dorint Hotel Group: It has achieved a partial legal victory at the Federal Court of Justice in the fight for compensation not fully paid out as a result of the pandemic.
A new billion-euro fund: Spanish Azora property investment group plans to raise €1bn in equity capital, to which the same amount in debt will be added.
The Uniform System of Accounts for the Lodging Industry (USALI), is undergoing changes in response to new business practices and technological developments, including notably the tracking of ESG-related criteria.
Rising costs and the consumer slump are driving more and more companies in Germany into insolvency. For many companies, moreover, expiring economic support is now boomeranging. The hospitality industry is particularly affected, but large-scale insolvencies are also rising sharply.
On one hand, there are growing inflation rates and an absence of core investments. On the other hand, there is an increasing appeal of secondary destinations and resorts, both supporting the skyrocketing recovery of national tourism. The Italian hospitality real estate market looks like a very difficult jigsaw puzzle to solve, even for experts.
Financing bottlenecks, difficult pricing, continuing volatility: The transaction volume on the German hotel real estate market is stuck in the crisis despite good operating sales. Slight movement can be seen in the holiday hotel industry. The brokerage and consulting companies draw a sobering balance for the first half of 2023, but do not give up.
Elon Musk is still the richest person in the world and Frenchwoman Francoise Bettencourt Meyers tops the list of female billionaires. Some also own hotels. Equally interesting is a list of the highest paid hotel CEOs.
