Ontvang nu dagelijks onze kooptips!

word abonnee
IEX 25 jaar desktop iconMarkt Monitor

Homburg Invest« Terug naar discussie overzicht

Homburg september 2012

655 Posts
Pagina: «« 1 ... 19 20 21 22 23 ... 33 »» | Laatste | Omlaag ↓
  1. [verwijderd] 17 september 2012 15:58
    PE: Province, Homburg Invest discuss hotel losses
    (Photo: The Guardian)
    The Holman Grand Hotel, Charlottetown
    Published on September 17, 2012
    Ryan Ross
    Prince Edward Island

    Latest News
    17/09/2012 Lowe's withdraws controversial proposal to buy Rona
    17/09/2012 NS: Ruling expected in tax deal for buyer of NewPage mill
    17/09/2012 NS: PSAC protests job cuts, MacKay says number of jobs is increasing
    17/09/2012 NS: Consultants look at feasibility of proposed Bay of Fundy centre
    17/09/2012 NS: CBU signs agreement with China Synfuels
    17/09/2012 NS: Province strikes new deal to have former NewPage mill to reopen
    14/09/2012 Industry Spotlight: Bedford Institute of Oceanography
    14/09/2012 NS: County calls for suspension of CRDA executive director, board
    See All Articles
    Regional News
    9/17/2012: NL: Destination St. John’s disputes report figures
    9/14/2012: NL: No progress made in airport strike talks
    9/14/2012: PE: Keddy, Shea tout benefits of EU trade
    See All Articles
    The Guardian

    In the 15th report from Samson Bélair/Deloitte & Touche, the court-appointed monitor said it met with representatives from Homburg Invest Inc. and the P.E.I. Century 2000 Fund in August to talk about the potential sale of the hotel.
    Topics : Homburg Invest Inc. , Deloitte Touche , P.E.I. Century 2000 , Quebec
    [CHARLOTTETOWN, PE] — As Homburg Invest Inc. works on its financial problems, the company has been holding meetings with the provincial government about the money-losing Holman Grand hotel.
    In the 15th report from Samson Bélair/Deloitte & Touche, which was issued last week, the court-appointed monitor said it met with representatives from Homburg Invest Inc. and the P.E.I. Century 2000 Fund in August to talk about the potential sale of the hotel.
    The P.E.I. Century 2000 Fund is the lender for the roughly $16 million still outstanding for the hotel, for which the government has a mortgage guarantee.
    They met again Sept. 12, along with representatives from Cominar REIT, which controls Dyne Holdings and in turn owns the land under the Holman Grand, which the hotel leases.
    During those meetings, Homburg Invest Inc. and the monitor said the company couldn’t continue to fund the Holman Grand’s losses and “alternate arrangements” needed to be made in the short term to make sure the hotel continued to operate.
    The report said follow-up meetings are planned for this month.
    Those meetings came after Samson Bélair/Deloitte & Touche sought and received approval from a Quebec court in July to start the process of selling the Holman Grand.
    Although the hotel has been losing money, the latest report said its revenues from Aug. 5 to Sept. 1 were $175,400 higher than budgeted.
    The Holman Grand brought in $455,400 compared to the budgeted $280,000.
    Over the same period, the hotel’s payroll was $11,500 less than budgeted, in large part because staff worked fewer hours.
    The hotel also got a break on its taxes, which were $62,300 lower than budgeted.
    Operating expenses were also lower than expected, coming in $80,200 less than budgeted, in part because of stricter expense policies.
    It cost Homburg Invest Inc. $58,500 to pay hotel staff and $99,800 in other operating expenses for the reporting period.
    But the forecast for the next month isn’t as optimistic with the report showing expected revenues of $120,000 from Sept. 16 to Oct. 13.
    That’s less than half of the $260,3000 the hotel is expected to spend over the same period.
    Although the monitor is expecting the Holman Grand to take further losses over the next four weeks, Samson Bélair/Deloitte & Touche didn’t provide any details in its report about the alternate arrangements the company said were necessary to keep the hotel open.
    An attempt was made to contact Innovation Minister Allen Roach about the meetings, but a spokeswoman for the department said the province was the lender and not the hotel operator.
    She referred questions to Samson Bélair/Deloitte & Touche or Dyne Holdings.
    An attempt to reach Samson Bélair/Deloitte & Touche was unsuccessful.
  2. [verwijderd] 18 september 2012 10:50
    wie weet ws!
    schandalig trouwens dat abn (220 milj) hier zo diep in zit...opbrengst 100 milj...die volledig zal vervallen aan de belastingdienst waarschijnlijk als preferent schuldeiser. dan staan alle banken/investeerders achter in de rij om nog een paar losse euro`s op te vangen. we weten in ieder geval waar onze belasting centjes heen gaan.(op ws na natuurlijk ;)
655 Posts
Pagina: «« 1 ... 19 20 21 22 23 ... 33 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.