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News
Hotelplan Group to acquire Inter Chalet
Glattbrugg, 11 August 2011
Migros subsidiary Hotelplan Group is to acquire a 26% equity holding in Freiburg (Germany)-based Inter Chalet Ferienhaus-Gesellschaft mbH. The transaction will be formally concluded on 1 November 2011. The parties have agreed not to divulge the sale price involved.
In a second step, Inter Chalet – which is Germany’s leading specialist provider of vacation rental homes – should be acquired in full by the Hotelplan group, with a view to further strengthening the position of the group’s own Interhome brand. Michael Heines, who founded Inter Chalet in 1974, has decided to embark on the planned partnership to ensure the company’s long-term future. Under the sale agreement, the Hotelplan group will purchase the remaining 74% of Inter Chalet on 1 November 2013.
In the meantime, Inter Chalet will continue to be led by Michael Heines, as its managing director and majority shareholder.
Inter Chalet and Interhome manage and market some 50 000 vacation properties. With a joint workforce of more than 500 personnel, the partners currently generate combined annual turnover of around EUR 300 million. Both parties expect that, by cultivating an intensified and open collaboration, they will be able to identify and exploit meaningful synergies before 1 November 2013 which will enable the new merged company to lead the European vacation rental market.
“The transaction is a milestone in Interhome’s history,” adds Hans Lerch, CEO Hotelplan Group & Chairman of the Board of Interhome.
Interhome teams up with Center Parcs – expands international portfolio
Switzerland-based Interhome is further expanding its European portfolio by intensifying cooperation with Center Parcs. With immediate effect, Center Parcs' holiday villages can be booked through Interhome not only in Germany – as hitherto – but also in other European markets.
Interhome is the first tour operator in Switzerland to cooperate with the European holiday village group, Center Parcs – and few TOs in this country can claim such a synergistic partnership. Driving force behind the cooperation deal are Jörg Herrmann (Head of Purchasing, Interhome) and Mary Stefanizzi (Head of Sales & Marketing, Center Parcs Switzerland). Says Jörg Herrmann: "Both Center Parcs and Interhome are in the forefront of the online holiday sector. At Interhome we can currently confirm an increase in turnover over last year's levels. For 2012 we are confident of achieving a seven-digit turnover in total." Reason for these optimistic figures, explains Interhome CEO Simon Lehmann, is the increasing trend to shorter stays – "compared with last year, we have seen the duration of stays decline from an average 9.5 to 8.7 days."
For Center Parcs' Mary Stefanizzi, the partnership creates added value: "Our client structure comprises mainly families and larger groups of up to 16 persons, and in this respect in particular we can work close together. In addition, more and more clients are mindful of environmental sustainability – an aspect which has always been one of our top priorities. This will also benefit Interhome."
For Interhome the partnership represents further expansion of its portfolio to a top quality brand established more than 40 years ago. Center Parcs comprises holiday homes in the heart of nature, paired with privacy and contemporary comfort. The choice of attractive accommodation includes traditional holiday homes in wonderful woodland, houseboats with luxury berths, as well as Eden properties in which architectural design and décor dissolve the distinction between inside and out. Also on offer are tree houses – the ultimate Center Parcs' experience. Center Parcs offers contemporary holidays in harmony with nature.
Center Parcs comprises 21 holiday villages, of which four are in Germany, nine in the Netherlands, three in Belgium and five in France. Whether the guests' preferences are for entertainment, sporting activities, wellness or great gastronomy, the holiday villages offer something to suit each and every taste. Adds Jörg Hermann of Interhome: "Through this new partnership we can combine the trend towards holidays in individual top quality accommodation with the attractions of other superior services. And it's all available online."
Exclusive partnership with Orascom Development
Europe's leading provider of holiday homes and apartments – has announced further international expansion by entering into an exclusive partnership with Orascom Hotels & Development S.A.E. of Egypt. The latter is a 100% subsidiary of Orascom Development Holding AG (Orascom Development), a leading developer of fully integrated towns.
From 1 March 2010 Interhome will have its own local office in the Orascom Red Sea resort of El Gouna, making Egypt the 27th country in Interhome’s portfolio of destinations. Orascom Development and Interhome are considering further cooperation in the luxury sector.
Orascom Development, founded and headed by Egyptian entrepreneur Samih Sawiris, specializes in the design and development of integrated towns. The group's largest project – the Red Sea resort of El Gouna – is an integrated holiday and leisure destination comprising some 2600 villas and apartments. From 1 March 2010, Swiss-based Interhome will be present in El Gouna with a branded local office and dedicated staff. Interhome will offer both a full range of letting and administrative services to El Gouna property owners, and a wide choice of top quality holiday accommodation to international holidaymakers. An exclusive cooperation agreement between Interhome and Orascom Hotels & Development S.A.E., a 100% subsidiary of Orascom Development, has been concluded for this purpose.
El Gouna – a unique Red Sea resort
For Interhome guests, the new partnership opens up exciting new vacation opportunities and attractions – villas with private pools and gardens, as well as spacious apartments, all scenically set in a unique beach and lagoon landscape. The resort’s wide range of leisure-and-pleasure attractions includes more than 100 bars and restaurants, a golf course, marinas and many other sporting activities. El Gouna also comprises 15 premium sector hotels totalling more than 2700 rooms. Guests can take advantage of excellent flight connections to Hurghada airport, with non-stop scheduled air service currently available from 30 cities across Europe. El Gouna can be reached by car from Hurghada airport in just half an hour.
In addition to this new partnership, Orascom Development and Interhome are considering further possible cooperation in the luxury segment. Interhome Group CEO Simon Lehmann comments: «We are proud to add the uniquely impressive resort of El Gouna to our portfolio. This agreement is a significant milestone in our growth strategy.» Orascom Development Chairman and CEO, Samih Sawiris, says: «Interhome is an ideal cooperation partner for Orascom Develoment. With its strong international distribution network and top quality services, Interhome perfectly complements our own range of activities.»