Topic Finance

News & Stories

NewGen AG in transaction
20.2.2009

Moenchengladbach. Since January, NewGen AG, Moenchengladbach, has been under transaction. Now, the company remaining out of the failed takeover of Dorint Hotels by Accor S.A. has started the squeeze out finally.

Feri Symposium: Hotels remain a popular nice product
Funds initiators like it more simple
13.2.2009

Munich. Initiators of closed German real estate funds are returning to simplicity. For a long time, more risky constructs such as opportunity funds and project developments were popular; now, the classical real estate funds with portfolio real estate are entering market again. This development became obvious at the "Feri Symposium der Beteiligungsmodelle 2009" in the Kempinski Airport Hotel Munich last week. Hotels could move into the focus of investors again. In the past, this was not always the case. However, exotic products remained attractive as nice products among real estate investments.

Funds Initiator August Jagdfeld struggles with more and more problems
Visions under the microscope 
13.2.2009

Berlin. The German funds initiator, Anno August Jagdfeld, still likes to paint himself as an optimistic visionary, even in times of economic difficulty. Above all, his glamorous real estate properties are dear to his heart and of these he feels especially close to the Grand Hotel Heiligendamm. Yet after Kempinski surprisingly decided to terminate its contract for the Grand Hotel last week, a whole era for the "Pearl of the Baltic Sea" and its comfortable existence in the middle of nowhere seems to be over. Anno August Jagdfeld now intends to take matters into his own hands and to polish the hotel into a new diamond - just like to old family led luxury hotels. Yet it won't be as simple as he imagines his task to be. Jagdfeld's empire is crumbling considerably in other areas too. Could the break with Kempinski herald the beginning of the end for Jagdfeld?

Design Hotels suspends Xedra trading
23.1.2009

Berlin. Design Hotels AG announced a few days ago it will suspend the continuous trading facility for its shares on Xetra from 1st February 2009 till further notice.

Budget hotels attract closed funds
19.12.2008

Hamburg. Budget hotels are profitable even in times of economic crisis. And it's for this reason that they're increasingly attracting the attention of real estate funds. A Hamburg based fund has recently issued a "budget hotel fund".

Swiss hotel industry and the financial crisis: Foreign guests tighten belts
Appeal to "Made in Switzerland"
12.12.2008

 

Berlin. After three fantastic years of boom, growth in the Swiss hotel industry is cooling. All the same, the word 'crisis' is still being avoided. Investments continue to be made and the current winter season is still looking good. Yet guests are saving money on food and drink. The hotelleriesuisse appeals to hoteliers not to fall into the trap of price dumping next year.

Austria: The winter is still humming - counter-cyclical consumption
Waiting for the crisis
12.12.2008

 

Salzburg. Austria's winter tourism will hardly be affected by the ongoing recession. This is what industry representatives of the Federal Economic Chamber, the Austrian Hotelier Association, Oesterreich Werbung and economists say unanimously in various ways. Experts speak of a "counter-cyclical consumption pattern". In the meantime, Austria's city hotels are already suffering from concrete effects.

Financial crisis shakes open real estate funds - closures to follow
Investors in the downward spiral
12.12.2008

Berlin The current financial crisis has resulted in a lasting loss of confidence among German investors in financial world in general. Only seven percent of German citizens trust the credit market, whereas 70 percent express open mistrust. Following the collapse of English and American investment houses, it was first the hedge funds that suffered. Now, finance investors have been drawn into the storm as the crisis reaches open real estate funds.

Austria also feels the effect of the global financial crisis
Hoteliers are stopping investments
5.12.2008

Vienna. In Austria's hotel industry, the first effects of the financial crisis are visible. Unnecessary investments as well as various new building projects have already been stopped. The Oesterreichische Hotel- und Tourismusbank has decreasing requests for credits. The higher equity capital rates, which are demanded by the banks now, are discouraging as well.

Finally, the millions have been found for Bern's Schweizerhof
28.11.2008

Bern. By the year 2010, the Schweizerhof in Bern is to shine in new glory thanks to investment by its new owner, Barwa, Qatar. Experts doubt, however, that the planned sum will be enough.

Stock Exchange

Share price performance of the week 25/03/16 - 31/03/16

HI+Share price performance of the week 25/03/16 - 31/03/16

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Source: Reuters / powered by HVS EMEA Enews

Financial Results

HI+Starwood Hotels 2007: Strong results, but less profit

White Plains. Starwood Hotels & Resorts Worldwide reported  a decrease of EPS from continuing operations in the fourth quarter and for the whole year 2007. Hotel results were strong but were offset by declines in the company's vacation ownership and residential business as well as by a loss of earnings from hotels sold during the past year and higher tax rates.

HI+Accor upgrades 2007 earnings forecast

Paris. In 2007, Accor achieved 8.1 billion Euro revenue, reflecting an increase of 6.8 percent compared to the previous year. The development strategy of the group added additional 7.9% to the revenue in 2007. Following the divestment strategy in the hotel business and the further sale von non strategic assets, the group saw a decline in revenues by 6.5%. Currency effects made the annual revenue slow down again by 1.1 percent.

HI+Sun International in 06/07: Only positive

Frankfurt/M. Sun International achieved strong growth in revenues, which were 17% ahead of last year at R6,9 billion. EBITDA was 27% up on last year. The leading luxury hotel operator in South Africa continues its success.

HI+Resorts Bad Ragaz in full swing

Bad Ragaz. Grand Hotels Bad Ragaz AG experienced an upswing in the first half of 2007. With a plus of 7.8%, the consolidated turnover could be increased to 48.8 million CHF. While the resort and casino divisions experienced an increase, the public Tamina Therme thermal bath recorded a slight decrease in turnover.

HI+Victoria-Jungfrau Collection continues along the success trail

Interlaken. Since January this year, the Victoria-Jungfrau Collection has grown to four hotels. The group has shown improved occupancy for the first half of 2007 and gross operating income has increased beyond all expectations by 6.8 million CHF. At 6.5 million CHF, EBITDA was 1.9 million CHF greater than it was the year before.

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