News & Stories
White Plains. Starwood Hotels & Resorts plans to sell 38 of its hotels to Host Marriott for 3.3 billion USD. The proposed stock and cash transaction has a total value of 4.1 billion USD, including 700 million USD of debt assumption, but the deal was immediately attacked by Starwood`s former CEO Barry S. Sternlicht who remains a large shareholder.
Augsburg. Fractional interest and private residence clubs complement timeshare as the more classic models for shared use of real estate. Although the idea has been floated in Europe for some time, whether the new American idea for periodic right of use and access to higher living will find enthusiasm on the opposite side of the Atlantic remains to be seen.
Augsburg. Timesharing - this term keeps appearing in discussions more and more often when it comes to mixed-use objects or luxury hotel financings. What does this term actually mean that is sometimes described as vacation property or right of part-time use? One thing is certain: the term comes in countless facets that are hardly known in Europe. As of today's issue, hospitalityInside.com will consistently intensify its reporting about the business model of timesharing, its building blocks, its providers and the market behind it.
Augsburg. The EU directive of 1997 contributed to a clear definition of the rights and obligations of timeshare customers and providers. Some countries have realised them applying even stricter standards that far exceed the basic requirements.
Zurich. Even the Swiss want to better protect their timeshare market from unscrupulous salesmen. The Swiss law commission has welcomed a change in the law of obligations.
Foto: www.hoteldaniel.com
Frankfurt. The attention of hotel developers is increasingly being drawn to budget hotels. Competition for Accor is growing. In the new generation of low budget and budget hotels more emphasis is placed on design. The old generation respond with renovation plans.
Brussels. Rezidor SAS Hospitality will take over the management of five properties and from December 1st four properties from Queens Moat House, all nine to be operated under the Park Inn brand in the UK. At the same time Christie & Co. was hired to market eleven Holiday Inn in UK.
Berlin. A new hotel study recently presented at the real estate fair in Munich predicts rising prices on the hotel real estate market. In terms of core findings, the study represents little new information for insiders. Individual views of investors, operators, developers, however, provide an interesting and accurate summary of the present situation.