Topic Real Estate

News & Stories

Opening of a buyer`s paradise including hotel in Bern by Daniel Libeskind
New Holiday (Inn) feelings
7.11.2008

Bern. 250,000 people visited "Westside", the new shopping and leisure time mall in Bruennen near Bern, Switzerland, within the first three days after the opening. It consists of a shopping mall with 55 shops, enclosed by an adventure pool including spa, a fitness park, restaurants, a hotel and a multiplex cinema. All that had been planned by Migros, the largest Swiss commercial enterprise, and it was realised within three years. Cost: 500 million Swiss francs. Top-class architect: the American Daniel Libeskind. The hotel: a Holiday Inn.

One jeans, one hotel - one award
17.10.2008

Munich. Timeless and casual - right in line with Levi's cult jeans. With these two attributes, the "25hours Frankfurt tailored by Levi's" convinced the jury and won the "Hotel Property Award 2008". The award was presented in the course of the Hotel Development Conference "hotelforum" in Munich last week.

Dieter Bock sells the building 'Am Zwinger' in Dresden
3.10.2008

Dresden. Investor Dieter Bock is to sell the building "Am Zwinger" for which there are plans for InterContinental to take up residence in the next few years. The prominent building situated in Dresden's city centre was sold through Octavian Holding. At the same time, the reclusive entrepreneur officially announced how he will proceed in respect of the renovation of the Kempinski Atlantic Hotel Hamburg.

Deka to place property management
26.9.2008

Frankfurt. Deka Immobilien GmbH has commissioned Hochtief Property Management GmbH, Essen, and DeTeImmobilien, Deutsche Telekom Immobilien und Service GmbH, Frankfurt, to carry out the property management of 220 properties in Germany beginning on January 1, 2009. This also includes the hotels of Deka.

Holiday Inn Club Vacations to start as a new brand
26.9.2008

London. The InterContinental Hotels Group forms a strategic alliance with The Family of Orange Lake Resorts to create a new timeshare brand, Holiday Inn Club Vacations.

Owner-Lessee-Franchisor: What those involved say
The brand strategy game
22.8.2008

Augsburg. Hotels caught in three-way contractual relationships between owner, lessee and franchisor are encountered increasingly often. Rapidly expending hotel groups concentrate all their efforts on their brand, leaving the day to day running of the hotel up to third parties. Grand City Hotels and Resorts is the biggest franchise partner of Accor Hotellerie Germany and Leonardo uses well known brands in order to build up its own brand network The parties involved have different motives for getting involved in such a ménage à trois.

More and more hotels operate under owner-lease-franchise agreements
Chain reactions
22.8.2008

Augsburg. Up until mid-July it was the Choice Hotel Kassel Melsungen, now it`s an Ibis. The 99 room retreat is operated as 2 star hotel, though not by Accor directly, but by Grand City Hotels and Resorts. Such constellations meanwhile turn up more and more often: three way relationships involving the owner the hotel operator and third party, often a less well known partner, that assumes the role of lessee. The reason for the growth of such arrangements is the unpopularity of the lease. "The trend is growing throughout the whole of Europe," PKF hotelexperts have observed in Vienna, "above all in the eastern European markets, such relationships play a significant role." All the same, this kind of ménage a trois is not without its problems.

Survey among investors and operators about contracting 
Modes of contract become more flexible
1.8.2008

Frankfurt/M. What influence do management and lease contracts have on finance and investment in brand hotel properties? Hotour Consulting hoped to find the answer to this question from a student dissertation. The conclusion: In spite of many claims to the contrary, both operators and investors/banks are sticking to their old ways. Flexible forms of contract are encountered more in theory than in reality. Only in the nuances are changes clearly recognisable.  

Hapimag with revenue growth
1.8.2008

Baar. Hapimag, one of Europs leading providers of holiday rights of
residence, continued its positive development of the previous year in the first
half of this year. In comparison to the same period last year, total sales
increased by 4 percent to 130 million CHF. In 2007 total sales was 124.3 million CHF. Hapimag has expanded its offer in Great Britain with the management takeover of Burnside Park.

English chain Travelodge tests "mobile hotel room"
Standardised camping comfort
1.8.2008

London. Usually, guests set off for their hotel. From now on, however, the hotel room could set off for the guest or, more precisely, wait at a pre-arranged location for the guests. Because the British Travelodge hotel chain, which operates a total of 320 hotels with more than 20,000 beds in the United Kingdom, Ireland and Spain, is striking new and unusual paths once more - with the first "mobile hotel room."

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