News & Stories
Berlin. Germany`s debt-ridden capital, Berlin, should be the last place where large private investment plans are rejected. Yet this is precisely the decision of SPD town planning senator Ingeborg Junge-Reyer. Plans for the construction of Estrel Parc, a congress and event centre with retail park directly adjacent to Estrel Hotel are to be stopped. hospitalityInside spoke to initiators.
Berlin. The new "ImmobilienSalon" in Berlin is to become a regular feature in the capital. InterContinental Hotels stands behind the new project. The inaugural event already attracted 700 visitors.
New York. SBE Hotel Group has signed an exclusive agreement with renowned designer, Philippe Starck, for the creation of a new luxury hotel brand, to debut as early as 2008.
Berlin. The Grand Hotel Esplanade in Berlin was sold to a subsidiary of the Blackstone group on April 11. The new operator will be Event Management GmbH in Cologne.
Baar. Swiss-based Hapimag is one of the leading vacation membership providers in Europe. For many decades, the company founded in 1963 had recorded impressive growth. Around the end of the nineties, sales revenues declined significantly. Two years ago, there was an internal affair, but now business is growing again – thanks to new ideas such as the categorisation of resorts into worlds of experience or new products that only grant so-called "rights of residence" for a maximum of ten years.
Berlin. The Bundesanstalt fuer Immobilienaufgaben sold the Cumberland house at Kurfuerstendamm in Berlin, which has been vacant for many years. Both buyer and purchase price are being kept secret.
Berlin. One of the innovations of this year's International Tourism Exchange in Berlin was the Immovest Congress 2006. For the first time, the real estate and tourism/holiday industries met. One of the essential points was that the market for holiday real estate remains a growth market. About 1.5 million Germans own a domicile abroad. Hotels are also a factor in this market. However, they need to develop concepts for multiple uses.
Dubai. Nakheel, property developer of real estate to the value of more than 30 billion US Dollars in Dubai as well as of the artificial islands The Palm and The World announced expansion plans and the foundation of Nakheel Hotel & Resorts. The company wishes to expand in the Middle East, in Africa, Asia, Russian and in commonwealth countries.