News & Stories
Frankfurt/M. If a castle is for sale, it is almost certain to be converted into a hotel. Private investors let themselves be easily enthused by the idea of owning such a historic property. If there is no yield, they normally do not care about it. Only the heirs look for a financially satisfying solution. A consultancy has now analysed the economic perspectives of castle hotels.
St. Goar. Gerd Ripp, owner of Hotel & Villa Schloss Rheinfels, St. Goar, advanced from the Managing Director to the owner of the hotel two years ago. The old walls next to the Rhine bring in good money. An interview.
Brussels. Rezidor SAS Hospitality has signed a 35 million euro financial joint venture agreement with four Nordic government funds to expand its presence in Africa.
Munich. The Guerlain spa in Paris is still under construction, the new spa in Munich's Bayerischer Hof is with that a first for its designer Andrée Putman. The opening took place in her presence.
Frankfurt. A few days ago in the office suburb Niederrad of Frankfurt, Germany's biggest budget hotel went into business: Motel One with 271 rooms. A further six outlets are due to follow in the immediate future. With this, the group grows considerably in size within the German low budget market.
Lobby instead of shop: Lindner Berlin
Augsburg. The idea sounds good, but the realisation involves cost-intensive pitfalls. At what point could an empty office building be used as a hotel? The consultants strongly advise to be cautious, chains do not see any need for action, but some do it nevertheless.
Professionals know in advance: You can't convert all real estate into a hotel. Nevertheless, in these times many office buildings remain empty, their investors call for hotels. Still, hotels' reputation makes them an attractive, economy-promoting tool in a city. On the other hand hoteliers know that office building in top locations can be their only chance to operate a hotel in a good location.
Berlin. The cologne based company Centromed once had an idea: The company wanted to build a medical care centre in Berlin composed of a medical practice, a hotel and wellness. Two years later the medical staff still haven`t moved in, on the other hand, however, the hotel has proved a success on its own. An unusual contractual structure for investors, leaseholders and sub-tenants leaves all possibilities open.
Male. Outside, rays are swimming around pressing their noses flat against the glass while, inside, the hotel guests dine on specimens of the same kind with obvious enjoyment. In mid-April 2005, the “Ithaa” opened as the – according to own information – first fully glazed underwater restaurant in the world in the Hilton Maldives Resort & Spa. A very special performance of engineers, architects and designers.
Augsburg. The operator tips the scales. The project development and financing depend on him. The consequence: Big hotel companies are almost drowning in requests. An interesting triangular relationship develops between investors, developers and operators.