Steigenberger Hotel Group acclaimed as the Best Investment Partner
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Steigenberger Hotel Group acclaimed as the Best Investment Partner
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Category: Worldwide - Exclusive experiences
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This is a press release selected by our editorial committee and published online for free on 2009-10-08
The “Most Wanted Investment Partner Treugast Award 2009” went to the Steigenberger Hotel Group. The management consultancy company, Treugast Solutions Group, singled out the Frankfurt-based hotel company for showing the “best value capacity increase” over the past year.
Within the framework of the international property fair, Expo Real 2009, the Munich-based Treugast Solutions Group presented its “Most Wanted Investment Partner Treugast Award” for the fifth time. This year the prize went to the Steigenberger Hotel Group, which was able to show the “best value capacity increase” over the last twelve months in the German market, according to the Treugast specialists.
The Treugast Solutions Group also praised the investment security and the steady growth demonstrated by the Steigenberger Hotel Group as well as its 2013+ corporate strategy with the threefold aims of quality leadership, expansion and increased profitability. In addition, the streamlining of its portfolio and its investment in existing hotels played a role in the selection of the Steigenberger Hotel Group as Treugast’s “Most Wanted Investment Partner”.
The decision also took into account the expected capital inflow from the new owners, the Egyptian tourism corporation Travco Group, and the dynamic expansion of the past few years.
The new hotels of the InterCityHotel brand that opened in Dresden, Essen and Mainz increased the room capacity of the Steigenberger Hotel Group by over 500 rooms during the past year. This figure increased still further at the beginning of December 2008 with the opening of the Steigenberger Hotel Herrenhof in Vienna with 196 rooms.
The InterCityHotel Hannover then opened at the beginning of 2009 with 148 rooms. In the next two years further InterCityHotels are due to open at the new Berlin-Brandenburg Airport and in Bonn, Darmstadt and Mannheim.
The company also shows the desire to expand in its Luxury segment. Steigenberger Grand Hotels will welcome guests from 2011 onwards in both Leipzig and Heringsdorf, on the Baltic island of Usedom.
In the recently published Treugast Investment Ranking, the Steigenberger Hotel Group was again awarded a Double A, which marks the company out as a partner with high investment security. The company’s consistently good rating history also contributed to the fact that it was awarded this year as “Most Wanted Investment Partner”, a prize that is unique in the international hotel industry.
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