Topic Finance

News & Stories

Accor sells contract package
22.12.2006

Munich. The new Accor CEO Gilles Pélisson set the pace for September. Within the framework of risk minimisation, Accor is now looking for investors for a package of around 90 contracts.

Dubai money in Corinthia's investment group
8.12.2006

Malta. International Hotel Investments plc of Malta, an investment subsidiary of the Maltese Corinthia Group, is increasing its issued capital to over Euro 500,000,000, welcoming Istithmar Hotels of Dubai as a new strategic investor and partner.

Rezidor's IPO: 9 times oversubscribed
1.12.2006

Stockholm. The IPO of the Rezidor Hotel Group was successful: Shareholder SAS said the offer was approximately 9 times oversubscribed, and it will book a capital gain of around 4.7 bln skr from the sale.

Rezidor to go public next Tuesday
24.11.2006

Brussels. As of next Tuesday, November 28, 2006, the first shares of Rezidor Hotel Group will be traded on the Stockholm Stock Exchange. The subscription period ends today, Friday.

Moevenpick Holding to be withdrawn from stock exchange
17.11.2006

Zurich. After Raffles and Four Seasons, Moevenpick Holding is now to be withdrawn from the stock exchange: Moevenpick's major shareholder, Carlton Holding AG located in Allschwil, made a corresponding bid to Moevenpick Holding in Adliswil near Zurich on Thursday.

Rosebud's shaky promises
10.11.2006

Zurich. Rosebud's promises are becoming increasingly shaky. Now, the long-term delegate of the board of directors has thrown in the towel, obviously frustrated because of the many announcements and only few actions. Slowly but surely, nobody believes in the future of Buergenstock Hotels anymore.

Rezidor to go public - SAS sells its share
3.11.2006

Brussels/Stockholm. Rezidor SAS's going public still envisaged for this year is already making itself felt. The strongly expanding hotel group will change its name and the Scandinavian airline of SAS plans to sell its shares upon the company's introduction to the stock exchange.

Hotel financing: A portrait of the Swiss UBS bank
Only proof of existence counts
20.10.2006

Zurich. When it comes to hotel financing, the Swiss UBS bank concentrates primarily on projects in Switzerland and projects with reference to Switzerland. The bank demands proof of the hotel being capable of surviving; size and type of agreement are of secondary importance. Juerg Stucki, Director of UBS Business Banking, certifies hotel management in Switzerland as being more professional than ten years ago. Silvia Pfenniger asked the bank's representative about financing conditions and "soft" factors. Stucki started to work for UBS about 30 years ago; since 1998 he is responsible for the bank's touristic activities.

Hotel groups shrink: They are without assets any more...
Investor conflicts are for sure
13.10.2006

London. The keynote address at the annual Hotel Booking Agents' Association Annual Forum, held in the UK, painted a worrying picture of the ramifications that property investor ownership means for European branded hotels. The keynote speaker predicts that assets will change hands far more frequently as well as a conflict between the operator and investor.

Hotel developer GBI moves further into the resort business
Good projects always find investors
13.10.2006

Berlin. For the hotel industry, the year 2001 and the time that followed the Tsunami was a catastrophe in all senses and investors were correspondingly reticent in their activity. But according to Reiner Nittka, Managing Director of the Gesellschaft für Beteiligungen und Immobilien-Projektentwicklungen mbH in Berlin, this has all changed - and he is busy buying up hotels.

Stock Exchange

Share price performance of the week 02/01/15 - 08/01/15

HI+Share price performance of the week 02/01/15 - 08/01/15

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 Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+Hilton Group: Revenue and profit increased

London. Yesterday the sale of Hilton International to Hilton Hotels Corporation for 3.3 billion pounds was completed. At the same day Hilton Group plc published its results for the year 2005. Revenue and profit increased.

HI+Choice: Franchise business increases again

Silver Spring. Choice Hotels International, Inc. reports positive figures in its annual report. Shareholders will receive higher EPS. Franchising revenues went up again.

HI+Rezidor SAS: Strongly improved performance

Brussels. Rezidor SAS Hospitality announced its results for 2005. The company generated group wide revenue of MEUR 587.0 as compared to MEUR 498.7 in 2004; an increase of 17.7%. The key driver of this financial development is an 11% growth in the company's Revenue Per Available Room. In 2006, the company will continue with its vigorous development strategy with an increased focus on developing Russia, CIS and East European markets.

HI+Record 2005 Fourth Quarter

Washington DC. Full year management and franchise fee revenue of Marriott International exceeded US-Dollar 1 billion in 2005. Earnings per share totaled US-Dollar 2,89, up 17 percent from 2004.

HI+Starwood stays successful in 2005

White Plains. The operating-results of the year 2005 of Starwood Hotels & Resorts were positive. The EPS from continuing operations grew. Incoming from continuing operations was 423 Million US-Dollar, the Company has total net debt of 2,941 billion US-Dollar.

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