News & Stories

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.

Augsburg. On the global hotel market general terms of contract for hotel operation have developed strongly to the benefit of the investor since the end of the nineties. This is the finding of a study by Jones Lang La Salle Hotels. International hotel operators see the result slightly differently.

Hamm. The German Maritim Hotels are proud to be present in the booming metropolis of Dubai as of 2007. As reported, the 1,050-room hotel is financed via funds by the company group Recker in Hamm. Evaluating the fund brochure, however, reveals numerous gaps and weaknesses. The experts conclude: The offer does not even begin to fulfil the necessary minimum standards of a closed real estate fund.

Cologne. The industry service fondstelegramm.de has analysed the performance of Fundus company group from Cologne. It also comprises hotel funds. A sobering result.

Cologne. The overwhelming majority of all running "classic" funds of the Fundus company group from Cologne are performing below plan. As regards the hotel funds, Adlon Berlin and Parkhotel Quellenhof Aachen have still not been fully positioned.

Munich. The expansion of the hotel chain Maritim is covered by various types of financing. As regards the construction of the new Maritim Airport Hotel and Congress Centrum at the Duesseldorf airport, it is using a so-called insurance investment model of KG Allgemeine Leasing GmbH & CO.

Berlin. For one week, since 1 July exactly, fund providers in Germany are subject to state inspection of their prospectuses. The fund prospectus must as of this date be formally reviewed and authorized by the Federal Financial Supervisory Authority.

Cologne. It's a snappy conclusion: "For reasons of incomplete financial records, any further analysis will quickly become a guessing game," 'fondstelegramm.de' notes of the real estate trade balance of the cologne based group, Dr. Ebertz & Partners. Ebertz problems are also seen in connection with Dorint Hotels: Ebertz has leased the majority of its 45 hotel funds to Dorint AG.