Topic Real Estate

News & Stories

Grand Hotel Esplanade sold: Event to be new operator
14.4.2006

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.

Swiss-based Hapimag offers four different vacation membership products
Worlds of experience as a sweet starter
14.4.2006

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.

Dieter Huckestein heads an exclusive fractional ownership-club in the US
Access only for millionaires
7.4.2006

Big Sky/Montana. Sun tanned and beaming with enthusiasm, Dieter Huckestein proved that there's a luxury life to be had even after the 5 star hotel business. The former CEO of Conrad Hotels is now President and CEO of Yellowstone Club World - a collection of ten exclusive resorts around the world. The club operates according to the principle of fractional ownership and has attracted names as like Bill Gates as members with its 3.5 million Dollar minimum membership fee.
The Berlin Cumberland house sold - Hotel planned
24.3.2006

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.

ITB: First Immovest Congress steers conversation to growth market
Real estate and holiday destinations  in close contact
17.3.2006

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 developer Nakheel fixes its sights abroad
10.3.2006

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.

Interim managers lead ailing hotels to success, applying their own rules
Covered crisis
27.1.2006

Augsburg. Banks do not entrust only insolvent hotels to an interim manager. These take over responsibility for a certain time period, but sometimes even longer. However, not every hotel that is back operating in the black is resold. Interim management has its own rules; it is a business in which partners prefer staying in the background.

Interim management: A glance at the industry
Too many professionals in the project-pool
27.1.2006

Munich. Interim management is now institutionalised in the industry. There are even specialised agencies for "temporary managers". More and more unemployed executives are applying for such jobs. The reorganisation of a company is the most common cause for their assignment. But: rogue elements are lurking everywhere.

El Gouna developer Sawiris is planning a mega resort in the Swiss Alps
Big applause for the Egyptian investor
23.12.2005

Andermatt. The Egyptian tourism entrepreneur and immensely rich global player Samih Sawiris is toying with the idea of building a big resort in the Swiss mountain village of Andermatt in the northern Gotthard area. Last weekend, the 48 year-old entrepreneur personally informed the villagers about his ideas. Insiders know Sawiris as a local partner of Moevenpick Hotels in Egypt. It was only in October that the entrepreneur presented his mega resorts at the Expo Real property fair in Munich.

Heiligendamm: Problems with the G8 summit
23.12.2005

Heiligendamm. The ministers of the G8 countries will arrive in 2007. But contrary to expectations, they probably won't be checking into the historic beach villas of the Grand Hotel Kempinski in Seebad Heiligendamm in North Germany. The Fundus group that owns the luxury complex have now made official that preparations have not been running according to plan.

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