News & Stories

HI+

Selective and focused on foreign countries

Bank portraits: Aareal

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.

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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.

HI+

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.

HI+

The type of investment makes the difference

German Acron group to invest in Radisson SAS Zurich Airport

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.

HI+

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.

HI+

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.

HI+

First class operators is prerequisite

The property fund company CGI willing to invest in hotel companies

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.

HI+

Ten hotels bought by Israelis

30.6.2006

Augsburg. A subsidiary of an Israeli real estate company has just a few days ago put its signature to a contract for the purchase of up to ten hotels in a range of German cities including Munich, Bonn, Frankfurt and Essen.

HI+

Again eight properties sold to Blackstone

9.6.2006

London. Hospitality Europe B.V., the pan-European hotel owning and asset management company, completed its sale to BRE/Hospitality Europe Holding B.V., an entity owned by funds managed by The Blackstone Group. The sale includes wellknown properties, such as the Sheraton Airport Hotels in Frankfurt and Amsterdam and the Pulitzer in Amsterdam.

HI+

100 million francs more

Owner confirms enormously risen conversion costs of Dolder Zurich

9.6.2006

Zurich. The conversion of the famous Grand Hotel Dolder in Zurich, Switzerland, will cost 100 million Swisss francs more. The total costs will now be 400 instead of 300 million Swiss francs. Raised demands, conservation orders and disagreements between the owner worth billions and top architect Norman Foster have caused the amount to rise.

Stock Exchange

HI+Share price performance of the week 06/02/15 - 12/02/15

Changes %

Source: Reuters powered by HVS EMEA Enews

Financial Results

HI+NewGen plc with business figures for 2006

Moenchengladbach. NewGen Hotels plc presents itself on a new website and at the same time publishes its business report for 2006. Last year, the company still operated under the name "Dorint plc". In February of this year, name and structure were changed. The business report 2006 once again shows a three man board with two new names.

HI+Peninsula drives the company

Hong Kong. The audited results for the year ended 31 December 2006, The Hongkong and Shanghai Hotels, Limited show a strong performance of its businesses during the year which was reflected in a significantly improved profit before non-operating items of 904 million HKD, an increase of 31% as compared to 2005. The increase was driven primarily by the strong performance of the Peninsula Hotels. They also performed well during the first quarter of 2007.

HI+Maritim: Expansion primarily abroad

Frankfurt/M. The development of Maritim Hotelgesellschaft remains positive. In 2006, the total turnover excluding the franchise businesses amounted to 378 million Euros, which is 41 million Euros above the previous year's level. At the same time, the gross operating product climbed by roughly 20 million to 133.9 million Euros. In 2007, there will be further increases. The company wants to expand primarily abroad. In Germany, it plans to withdraw from health resorts.

HI+Structures will continue to be changed

Frankfurt/M. Thanks to good operating profits, the German Steigenberger Hotel Group with its 82 hotels can continue to look positively into the future. They contribute not only to the finance of the 150 million heavy investment programme, but also ease the company's expensive severance from unprofitable real estate and lease contracts. The clear-up process is, however, far from finished.

HI+The AG to become a holding and collection

Interlaken. Victoria-Jungfrau AG, quoted on the Swiss stock exchange, reports profits again after the previous year's loss. Consequently, the company calls for a dividend of five francs at the annual general meeting after three years of pay freeze. "We're looking up again," says the 2006 annual report.

All balance sheets at a glance