Topic Finance

News & Stories

Private Equity stirs up Germany - The market's mood
"Locusts" love industries in states of flux
6.10.2006

Frankfurt/M. Private Equity companies are stirring up the German economy. They invest capital of anonymous institutional investors in real estate or companies of various types. Their exit within the following ten years is to bring the investors the desired profit. Financial experts from Germany recorded chances and risks of these takeovers. A look at the mood in the market and at its conditions.

Raffles to be delisted
6.10.2006

Singapore. CapitaLand, which owns 59% of Raffles Holdings, said it planned to delist its Raffles Holdings and will offer minority shareholders an exit price of 6 Singapore cents a share.

Private equity goes travel - soon in Germany?
Only the best will taste
6.10.2006

Frankfurt/M. Private Equity funds still look at the travel industry bearing too many risks. This was one opinion in the Travel Industry Club's discussion in Frankfurt. Another panellist sounded different and seemed willing to enter the hospitality industry. But Private Equity funds will only take the best. Two hotel experts confirm the continuous trend in the hotel industry.

Selective and focused on foreign countries
1.9.2006

Wiesbaden. Aareal Bank is well positioned in the hotel financing segment. Despite this, its experts regard the hotel business as the high-risk segment of the real estate industry.The financing strategy favours business and conference hotels, mainly outside Germany.

Investors in Germany prefer short-term investments
4.8.2006

Munich. The hotel investment volume reached a nationwide 682 million euros in the first half of 2006. This extraordinarily high level is 22% above the average volume from 2001 through to 2005. Jones Lang LaSalle Hotels expects 2006 to be a record year with a likely volume of more than one billion euros.

JLL Hotels with mega-deals for Ritz-Carlton
28.7.2006

Munich. Merrill Lynch Capital Markets Bank and Aareal Bank have concluded a contract with Capital Partners for the refinancing of the Ritz-Carlton Hotel in Moscow at a price of over 160 million Euros. At the same time, the sale of the Hotel Arts in Barcelona, another Ritz-Carlton Hotel, was completed to become the biggest single real estate transaction in Spanish history.

German Acron group to invest in Radisson SAS Zurich Airport
The type of investment makes the difference
28.7.2006

 

Berlin. International airports are becoming increasingly real estate and economic locations and their operators are similar to gigantic businesses. And the buildings being constructed there are gigantic as well: At Zurich Kloten Airport, a Radisson SAS Hotel will soon be built, financed by the German Acron group. With its unusual financing model, this investment company has discovered Switzerland to be an interesting region for German investors.

Questionable fund for Airport Hotel Muenster
21.7.2006

Muenster/Osnabrueck. The brochure leaves many questions unanswered. This is why, the fondstelegramm.de online service cautions against a fund that plans to erect and then rent an airport hotel at Muenster/Osnabrueck Airport. Arcadia Nord GmbH is the lessee and operator of the hotel. It will conclude a franchise agreement with the Holiday Inn chain.

InterConti Frankfurt and six more sold
14.7.2006

London. InterContinental Hotels Group plc has agreed to sell a portfolio of seven InterContinental branded hotels located in Continental Europe to the Morgan Stanley Real Estate Funds. IHG previously announced in January 2006 that these hotels had been put on the market.

The property fund company CGI willing to invest in hotel companies
First class operators is prerequisite
14.7.2006

Berlin. Open property funds are ever more on the look out for lucrative investments promising high gains and at the same time securing portfolio diversity in terms of location and usage. Even the Commerz Grundbesitz Investment Company, the real estate subsidiary of the Commerzbank plc, is no exception. Although their activity in the hotel industry is limited, CGI is open for new projects with well known operators.

Stock Exchange

Share price performance of the week 10/10/14 - 16/10/14

HI+Share price performance of the week 10/10/14 - 16/10/14

                                                               Change %.

 
  Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+Dorint General Meeting: New capital for old contracts

Munich. In exactly one week, on August 19, the Dorint shareholders will gather for their general meeting in Dorint Sofitel Bayerpost in Munich. Two important points are to be authorized: new capital of 5.85 million Euros and the further reduction of Dorint leasing contracts.

HI+NH improves: German hotels gain ground

Madrid. NH Hoteles has recorded a net profit of Euro 14.34 million in the first half of this year, which points towards an evident improvement in business performance when compared with the flat results recorded in the first quarter of the year. This is the result of a 3.7% increase in hotel revenues and a major cost saving of Euro16.4 million.

HI+Positive outlook in most cases

Wiesbaden. During these days the big international hotel companies publish their results of the first six months of the year. Starwood, Accor, Hilton, Fairmont and Steigenberger demonstrate shy optimism.

HI+Hope lies within the resorts

 

Duesseldorf. As reported last week, Dorint AG announced strong losses for the past fiscal year for the third time in a row. Board member Dr. Michael Theim explains the background of this development: "We have completely overcome the past with the financial burdens involved with preopenings and start-up phases." Nonetheless, there are still problems - and again, new capital needs to be approved precautionarily.

HI+Dorint AG continues making heavy losses

Moenchengladbach. With -27.7 million euros and a corporate loss of 31.8 million euros, the business figures of Dorint AG turned out to be worse than many had feared. The company is still far away from reaching its goal of showing profits again in 2006. However, in Moenchengladbach, they are still trying to spread optimism.

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