HI+Share price performance of the week 31/05/13 - 06/06/13
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In the sector "open real estate investment trusts" there is a statutory call for action due to many reasons.
Two hotel experts discuss the advantages and disadvantages of G-REIT.
Wiesbaden . Currently, there is no topic that dominates European real estate events more than the planned introduction of REITs in Great Britain and Germany. While the British Chancellor of the Exchequer has presented an issue paper, according to which, the UK REIT is gearing to comparable systems worldwide, in Germany, bankers and politicians are still tinkering around with G-REIT.
Vienna. Since last autumn Oesterreichische Hotel- und Tourismusbank has been offering mezzanine capital for small and medium-sized enterprises. The official goal is to offer new credit opportunities to small-scale companies. Hitherto, only two businesses have achieved this.
New York. Financially weak Palace Hotels are helping themselves in future: The marketing association The Leading Hotels of the World together with american investors, opened up a million dollar trust in order to be able to provide suffering luxury hotels in urgent need of money for renovations.
Toronto. North America's largest luxury hotel group has tried in vain for years to get a foothold in Europe. Fairmont Hotels & Resorts has now bought the Monte Carlo Grand Hotel and will take over the management as well. What made it possible is a new financially well-heeled fund for Europe. A new investment trend paves the way.