Visions under the microscope 

Berlin. The Grand Hotel Heiligendamm Ltd still hasn't recovered from financial difficulty. The refinancing of the Fundus fund 34 is taking its time. But Anno August Jagdfeld, the funds initiator confirmed that negotiations were underway for new financing. A sensitivity analysis explains the steps and figures for the next years.

Berlin. Two days prior to anniversary celebrations at the Kempinski Hotel Adlon in Berlin, shareholders attending the Fundus shareholders meeting decided to place shares to the amount of 30 million Euros for the sister hotel in Heiligendamm at the Baltic Sea. Over 90% of the 1,900 shareholders were in favour of the motion that the new shareholders will get their dividens preferentially to elder shareholdes. Following the G8 summit and the budget-bed campaign, occupancy rates at the luxury hotel will in 2007 for the first time cross the 50% threshold.