Topic Finance

News & Stories

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Moevenpick Holding to be withdrawn from stock exchange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 After Raffles and Four Seasons, Moevenpick Holding is now to be withdrawn from the stock exchange: Moevenpick's major shareholder, Carlton Holding AG located in Allschwil, made a corresponding bid to Moevenpick Holding in Adliswil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

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.

Stock Exchange

Share price performance of the week 16/01/15 - 22/01/15

HI+Share price performance of the week 16/01/15 - 22/01/15

                                                  Changes %

 Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+Accor: New 2 star chain, 535 hotels for sale

Paris. Consolidated revenue rose by a reported 8.4% in the first six months of 2006. At constant scope of consolidation and exchange rates, the like-for-like increase was 6 percent. Together with the figures of the first-half 2006 Accor presented it's future business structure and a new brand for non-standardized economy hotels. 535 hotels are for sale.

HI+IHG results: Less profit, but strong RevPar

London. InterContinental Hotels Group's total revenue halved from 1,060 billion to 499 million pounds in the first six months 2006 following the floatation of soft drinks group Britvic plc, in which InterContinental was previously a joint owner.

HI+Grand Hotels Bad Ragaz: All businesses increase

Bad Ragaz. Swiss Grand Hotels Bad Ragaz plc. reports in its results for the first half of the year 2006 an increased consolidated revenue of 45.4 million Swiss Francs, which is 4.6% more than in the previous year. All businesses of the group contributed to this result.

HI+All interim results are positive

Augsburg. More quoted "global players" present their 2006 quarterly and semi-annual figures. Today`s overview contains the figures of Design Hotels, Choice International, Four Seasons, Mandarin Oriental and Orient-Express Hotels.

HI+The big markets are humming

Augsburg. The quoted "global players" present their 2006 quarterly and semi-annual figures. The key figures developed well particularly in the US and South America. In Europe, the Football World Cup pushed the group business, as Marriott emphasised. The following overview contains the figures of Hilton, Marriott and Starwood as well as those of the Steigenberger and NH Hoteles groups which are relevant to the German market.

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