News & Stories

Berlin/Frankfurt. Foreign investors have dominated in all hotel investment transactions in Germany in the past year. Both Christie + Co and CB Richard Ellis put revenues at almost 800 million EUR in total. With this, both consultancy firms and agencies underline the statement issued by Jones Lang LaSalle Hotels last week. "The downswing has been halted," Markus Beike says, Managing Director of Christie + Co Germany. This is also true for individual transactions under ten million EUR, which he regularly analyses: "Here too, transaction volume was down around 20% on the values from the previous year." In Germany, there was almost no single hotel real estate transaction over 25 million EUR. The largest sale in Europe, on the other hand, was for 470 million GBP.

Augsburg. What developments were good or bad in 2010? And what challenges await the industry in 2011? hospitalityInside.com asked its experts, all of them renowned consultants and specialists in the fields of management, finance, development, technology, spas and labour law. The spectrum of topics ranges from yield to taxes, from reluctant employers under pressure, from illusion and reality. A colourful look back and a concentrated preview on the core issues waiting in 2011.

Frankfurt. The transaction volume of the German hotel investment market rose again in 2010. According to Jones Lang LaSalle Hotels, the result reached about 800 million euros, more than double as much as the previous year. The trend is towards smaller transactions.

Augsburg. The keyword "News Mix" will bring to you tiny bits of news about considerable events of the past week(s): Accor/Lucien Barrière, Burj Khalifa/Peking, Carlson/China, Hilton/Krakow, Invesco Real Estate/Novotel, Louvre/Hainan, Morgan Stanley, Park Plaza/London, Ritz-Carlton Dubai, Starman.

Griesheim. With a particularly eccentric resort concept, a German company intends to enrich inland tourism: In Southern Germany, two treehouse complexes are set to go into operation, each with seven units, in April 2011.

London. The global major hotel companies delivered net supply growth in Europe of 3% in 2010 as a group, roughly in line with the market. But their individual performances were very different, ranging from Carlson’s net growth of 7,000 rooms to InterContinental’s small net decrease in rooms over the year. Looking back to a decade, the global majors as a group have failed to make any significant progress in Europe.

Augsburg. Last news before Christmas: Hotel de Crillon in Paris has been sold, Hilton and Starwood are settling their brand litigation regarding Denizen, terror warnings are effecting the US hotel industry too, the Turkish super luxury hotel Mardan Palace had their electricity cut off, and Abu Dhabi boasts the most expensive Christmas tree in the world.

Augsburg. The keyword "News Mix" will bring to you tiny bits of news about considerable events of the past week(s): Domain Beberbeck, Dorint/Seefeld and Park Ambiance Ruegen, Hyatt/Duesseldorf, Ian Schrager, Jumeirah/China, Motel One/Berlin, Moevenpick/Colombo, Moscow, Precise/Berlin, Rezidor/Italy, Versailles, Vienna Int./Minsk.

London. After many years of having strong views on others’ management styles, Puri, as he is universally known, is starting off in Mauritius, with the revamp of the former Shanti Ananda, now Shanti Maurice, a Nira Resort. The new brand may also pop up in Europe, in Berlin, St. Moritz, St. Petersburg or the UK soon.

Frankfurt. After global investment volumes dipped to their lowest values in decades in 2009, the upwards trend is meanwhile firmly established. REITs, institutional investors and wealthy private persons are driving business.