Hotel Corp Share Discussion Threads

[aries2000] 20/7/2014 15:57

On 29 June 2009, when PHP 20 million convertible preference share equity raise was completed, HCP subscribed to 11,770,000 convertible preference shares. Therefore, if in the future all the convertible preference shares are converted into ordinary shares, HCP will, on a fully converted basis, own 53.28% of PHP.

[aries2000] 20/7/2014 15:36

HOTEL CORP (LSE:HCP),​Puma Hotels has sold its its Paramount Hotels brand to Chardon

Puma Hotels has sold its its Paramount Hotels brand to Chardon as part of a strategy to focus on the strengths of its hotels in their local and regional markets.

Chardon is the leading UK independent hotel management company working on behalf of numerous hotel owners and investment groups. It currently operates 35 branded and unbranded hotels across the UK, with 6 new openings scheduled in Glasgow, Edinburgh, Windsor, Manchester and Southend.
The terms of the deal for the 32-hotel portfolio, which includes brands such as Holiday Inn, Hotel Indigo, Best Western, were not disclosed.
But the price was described as "substantial" by Mr Taylor and is likely to have run into millions of pounds.
Chardon Management made a retained profit of £282,000 in its last financial year after provisions.
The Puma Hotels Collection (formerly Barceló Hotels UK between 2007–2012 and the Paramount Group of Hotels before that) is a group of mid market hotels operating in the United Kingdom. The company operate many 4-star hotels in locations across Scotland, England and Wales. Hotels are situated in city and town centres, coastal resorts and countryside retreats. They include the Lygon Arms Hotel in Broadway, Worcestershire, the Carlton Hotel in Edinburgh, the Marine Hotel in Troon, the Majestic in Harrogate and the Imperial Hotels in Torquay and Blackpool (now The Imperial Hotel Blackpool). Puma Hotels offer a total of over 2,800 bedrooms, 220 meeting rooms for up to 600 delegates, and spacious grounds. The group also includes 18 health & leisure clubs.
hxxp://www.smallcapnetwork.com/HOTEL-CORP-LSE-HCP-Puma-Hotels-has-sold-its-its-Paramount-Hotels-brand-to-Chardon/s/via/34672/article/view/p/mid/1/id/86/

[aries2000] 20/7/2014 14:23

i believe investors should be looking at hcp now this could be very huge

[aries2000] 20/7/2014 14:16

People will realise the potential now

[knigel] 20/7/2014 13:46

Interesting - of course all companies can carry debt - it's the level of debt and servicing it that matters. An IPO could pay off a large chuck of the debt and improve cash flow.. I am just wondering why the share price is stuck at this level considering the potential upside - perhaps the market is not yet convinced? gl

[aries2000] 20/7/2014 13:38

K i think the collection will issue an IPO very soon to cover the debt.hence the change of name

[knigel] 20/7/2014 13:26

Still need to "sort out" the debt pile - then it may re-rate imo

[aries2000] 20/7/2014 13:19

Yes we are waiting for 2013 results that means the hotels are making profit.

[euclid5] 20/7/2014 12:10

old results

Puma Hotels Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2012

[aries2000] 20/7/2014 11:48

Can you read stig

[aries2000] 20/7/2014 11:29

2013 results will be fantastic hcp in profit

[aries2000] 20/7/2014 11:28

Puma Hotels Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2012
Sep 14 12
Puma Hotels Plc reported unaudited consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported total turnover of £25,959,000 against £15,373,000 for the same period last year. Operating loss from existing operations was £728,000 against £1,831,000 for the same period last year. Profit on ordinary activities before taxation was £16,044,000 against £276,000 for the same period last year. Retained profit for the period was £16,044,000 against loss for the period of £276,000 for the same period last year. Net cash inflow from operating activities was £36,213,000 against £13,842,000 a year ago. Purchase of tangible fixed assets was £27,000 against £169,000 a year ago.

[aries2000] 20/7/2014 11:17

Hummmmmmmmmmmmmmmmmmmmm

[aries2000] 20/7/2014 11:17

UK Group of Hotels plc good times ahead

[aries2000] 20/7/2014 10:57

How much will hcp be worth when UK Group of Hotels plc IPO come's

[aries2000] 20/7/2014 10:54

LONE Star Funds plans to sell TLG Immobilien, the German property company it bought for €1.1billion last year, in an initial public offering, in a move which may be seen as a template for how the company will eventually cash in its Irish property portfolio.

- See more at: hxxp://www.independent.ie/business/commercial-property/lone-star-set-to-cash-in-on-billion-euro-property-firm-30262591.html#sthash.oNkNE3dN.dpuf

[aries2000] 20/7/2014 10:53

The sale of shares in Berlin-based TLG will take place as early as the second half of this year, it has been reported.

Lone Star, the Dallas-based private equity firm, has yet to hire banks to manage the IPO.

Lone Star has been one of the biggest buyers of debt held against Irish property assets in the last year.

In February the US firm, which specialises in distressed assets, won the entire two-tranche Project Salt and 12 of the 14-tranche Project Rock legacy IBRC commercial property loan books with a combined par value of just over €7billion.

Lone Star is understood to have paid between 65pc and 70pc of the par value of those loans.

Most recently, it bid more than €1billion for a portfolio of loans tied to developer Michael O'Flynn.

Lone Star was ultimately outbid by American rival Blackstone for those assets.

The size of Lone Star's assets in Ireland has led to speculation as to how the firm plans to eventually dispose of them once the timing is right.

The firm, for whom John P Grayken works, is known for being one of the first investors to buy when others are selling. But it does not traditionally hold assets for more than a few years.

While it is not expected to set up a real estate investment trust at this stage, an IPO of some description could still happen.

A spokesman for Lone Star and a spokeswoman for TLG declined to comment on speculation.

Owners of German real estate are using IPOs to take advantage of investor demand as property values continue to rise.

An index of German property stocks has gained 11.4pc this year compared with 0.2pc on the German benchmark DAX index.

Last year, Goldman Sachs and private equity firm Terra Firma Capital Partners sold shares in two German residential landlords.

Cerberus Capital Management plans to sell shares in a German retail property portfolio that is valued at about €2billion.

TLG Immobilien managed about 800 offices, warehouses and hotels across eastern Germany when Lone Star bought the company.

Its assets include the Hotel de Saxe in Dresden, an office building in Rostock and the Kulturbrauerei, which is a former brewery in east Berlin that was converted into restaurants, bars and music venues, according to TLG's website.

The company declined to reveal exactly how many properties were currently in its portfolio.

Lone Star bought TLG for its Real Estate Fund II for about €594m in cash and €504m of assumed debt.

TLG replaced Treuhand Gesellschaft, the German company that oversaw the restructuring and sale of thousands of companies after the collapse of communist East Germany and the 1990 reunification.
- See more at: hxxp://www.independent.ie/business/commercial-property/lone-star-set-to-cash-in-on-billion-euro-property-firm-30262591.html#sthash.oNkNE3dN.dpuf

[treacle32] 19/7/2014 12:08

Nice finish yesterday - still keeping spead wide otherwise would see more volume imo.

[treacle32] 18/7/2014 12:45

Buys coming through.

[the_beagle] 18/7/2014 12:31

damp squid? Aren't they always, living in water?

Post quickly followed by 4 buys!

Not Stig's day today!

[nick rubens] 18/7/2014 11:48

Corporate activity being planned as we wait. Just hold tight and accumulate when opportunity arises.

[the stigologist] 18/7/2014 11:21

damp squid everyone out

[treacle32] 18/7/2014 11:17

Just a bit longer to wait imo.