News & Stories
Munich/Frankfurt. Juergen Baurmann will assume the position of National Director of the German section of Jones Lang LaSalle Hotels as from 1 February 2006, following on from Christoph Haerle.
Augsburg. The deal of the year was made by Starwood Capital. A cunning investment specialist swallowed up Le Méridien and the hotels of the French Taittinger Group almost simultaneously. With billions on real estate, Starwood founder Barry Sternlicht changed the European hotel scenery over night. The take-over was more dramatic than ever before: The hotel industry is no longer led by hoteliers but by managers and investors from other industries. With a whole bunch of mergers, share buyouts and changed shares, the ending year lays the foundations for an even bigger wave of mergers and acquisitions in 2006.
Frankfurt/Eschborn. The new "Top Supply" congress is espousing the cause of all topics around "modern purchasing management in the hotel industry". It will take place in Leipzig on February 9, 2006.
New York. Despite a flurry of devastating hurricanes as well as higher prices for gasoline and airline tickets, the U.S. hotel industry is set to post record profit this year followed by at least two more years of solid growth, says a recent study.
Duesseldorf. Horst Schulze, the former President of the Ritz-Carlton Hotel Group has "pushed out" his former company. Schulze's newly founded management company Capella Hotels & Resorts will operate the luxury hotel Breidenbacher Hof in Duesseldorf. Ritz-Carlton was totally surprised by the news that was made public yesterday.
Munich. The German hotel industry benefits from the humming world economy. Mainly the top city hotels are recording growing occupancy rates due to increased numbers of international guests. In the year of the Football Championship 2006, they might be among the big winners. Resort hotels following the wellness trend remain successful above average. The current issue of the business comparison "Hotel Performance Trends 2005" sounds much more positive than others.
Frankfurt. Lifestyle concepts have arrived and with particular success in Germany. Here lifestyle hotels boast with new ideas, investments and product innovations. These were the findings of a survey carried out by a well known consultant and economic testing agency.
London. In summer the three developers of the futuristic Yotel-concept announced their first projects for the beginning of 2006. Now the first capsule hotels have been named. They are to open in the middle of next year.
Munich. Serviced apartments, often still referred to as boarding houses, were surprising in their success. Private hotels, on the other hand, were on the decline. Wellness hotels stood on unsure ground, even the result from the holiday resorts were on the slim side. The third BBG-Treugast industrial report analyses the situation in 2005.