GENEVA — Kempinski AG announced a further step forward in reinforcing the company’s long-term strategy of remaining an independent European luxury hospitality management group.
Effective Feb. 16, 2017, the two existing shareholders of Kempinski AG formalize previous plans for an equity transfer between them. The majority shares of Kempinski AG will be held by existing Bahraini shareholder, while the shareholder from Thailand will now own a minority. Both shareholders remain committed to Kempinski and its long-term success.
“In an industry facing increasing consolidation, we are privileged that the commitment of our shareholders to retain private ownership of Kempinski is now formalized,” said Chairman of the Management Board and CEO, Markus Semer. “This clear competitive advantage strengthens our position proceeding with our long-term strategy as an independent European luxury hotel operator.”
A new Supervisory Board has been reconstituted to reflect the changes in shareholding. The Supervisory Board will consist of Abdulla H. Saif - Chairman, Chumpol NaLamlieng - Vice Chairman, Mrs. Chonpreya Pacharaswate, M Aymen T. Almoayed, Mr. Robert H.J.J. Timmers, and Yann Caillère.
Kempinski gears up to celebrate its 120-year anniversary on April 5,2017 and welcomes Gran Hotel Kempinski Manzana La Habana Cuba as the latest prestige hotel in its portfolio.
Created in 1897, Kempinski Hotels is Europe’s oldest luxury hotel group. Kempinski’s rich heritage of impeccable personal service and superb hospitality is complemented by the exclusivity and individuality of its properties. Kempinski now manages a portfolio of 75 five-star hotels and residences in 30 countries and continues to add new properties in Europe, the Middle East, Africa and Asia. Each one reflects the strength and success of the Kempinski brand without losing sight of its heritage.
The portfolio comprises historic landmark properties, award-winning urban lifestyle hotels, outstanding resorts, and prestigious residences. Each one is imbued with the quality guests have come to expect from Kempinski while embracing the cultural traditions of its location. Kempinski is a founding member of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands. — SG
