News & Stories

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.

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.