News & Stories

Geneva. Swiss hotels are said to be notoriously unprofitable. Two years ago, Hôtels et Patrimoine was founded in order to acquire small underperforming hotels in the Lake of Geneva region and improving their cashflow and profitability through repositioning them as extended stay properties. Up to today, only tow of eight planned hotels were acquired. It is not easy to generate the capital needed.

London. InterContinental Hotels Group has placed a further portfolio of seven hotels on the market for disposal. These hotels are located in Continental Europe and all operate under the InterContinental brand.

Copenhagen. Danish Property Group plans to invest at least 700 to 800 million Euros this year alone in real estate in Germany - hotels included.

The Hague. The Dutch bank NIB Capital shows great interest in hotel financings on the German market. Until now it has only supported a single hotel here.

London. Hilton Group plc completed the sale of 15 hotels in the UK to The Managed Hotels Unit Trust, with funding arranged by RBS Group. The purchase price of the hotels is £382.4 million in cash.

Berlin. The Reconstruction Loan Corporation KfW paints a dark future for the hotel industry in its company survey 2005. A good three quarters of the companies surveyed were able to make investments in the last twelve months but over half were dependent on borrowed capital.

White Plains. Starwood Hotels & Resorts intends to sale assets worth two to four billion US-Dollar. CEO Stephen J. Heyer announced the plans in connection with the results of the third quarter of 2005.

White Plains. The board of directors of Starwood Hotels & Resorts Worldwide, Inc. has approved an increase in the company's share repurchase program of 1 billion $ bringing the current authorization to 1.3 billion US Dollar.

Munich. The increasing interest of foreign capital investors in the German hotel market has given two well known figures in the hotel industry the impetus to set up their own asset management company.

Duesseldorf. In the US, Japan and Europe with the exception of Germany, the business with "fault" real estate loans is long established. For about a year now, German banks have been discovering the charm of selling Non-Performing Loans, as they truly have enough of them in their books.