News & Stories

Frankfurt/M. At this year`s conference on financial statements in Frankfurt, Steigenberger presented the conclusion of a successful business year. However, there were no strategic announcements of André Witschi, the new Chairman, as the industry had hoped for. Witschi emphasised the company`s expansion policy with the Steigenberger brand abroad.

Moscow. The Moscow based company Central European Hotel Investment, parent of the Azimut hotel chain, has placed responsibility for the management of the 20 hotels in Germany, Austrian and the Czech Republic, recently acquired from the Austrian Hotel Company with Hamilton Hotel Partners based in London.

Rostock. Deutsche Seereederei Ltd based in Rostock, has sold its city hotel division - formerly held by Arkona plc within DSR -  as part of a management buy-out  to Arkona Hotel Holding Ltd. As a result, DSR will in future focus on the resorts.

Frankfurt The past two years have been exciting times for Hilton, as Wolfgang Neumann, Hilton’s Area President Europe, can confirm. First, Hilton Hotels Corporation and Hilton International merged. Only a few months later, Hilton Hotels Corporation was taken over by Blackstone. In the meantime, the expansion push of various former US Hilton brands, above all Hilton Garden Inn and Hampton by Hilton, has begun to bear fruit. Depending on country, however, the results vary. In an interview with hospitalityInside.com, Neumann explains the Group’s current European strategy.

Berlin/Mumbai. There will be two more hotels joining, while another four will follow by 2011. The Indian Leela Group is about to start the biggest expansion wave of its history. Since March, all Leela Hotels have been linked to Kempinski via a marketing alliance.

Moscow. With the acquisition of the Austrian Hotel Company, whose 20 hotels are located primarily in Germany, the Russian company Azimut Hotels takes its first steps on western European soil. Further takeovers are to follow.

 

Windsor/London. With a single effort set for three years, InterContinental Hotel Group will push about 4,000 renewed and new Holiday Inn and Holiday Inn Express hotels onto the market by 2010. In this way, the group will renew its entire portfolio of both brands and strongly push forward expansion. The costs for owners and franchisees: almost one billion US dollars. Investors unwilling to support the new appearance and the new