Grand Kempinski Hotel Shanghai — Photo by Kempinski

Kempinski AG announced today a further step forward in reinforcing the company's long-term strategy of remaining an independent European luxury hospitality management group. Effective today, the two existing shareholders of Kempinski AG formalize previous plans for an equity transfer between them. The majority shares of Kempinski AG shall be held by the 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."

In line with this announcement, a new Supervisory Board has been reconstituted to reflect the changes in shareholding. The Supervisory Board shall consist of: H.E. Abdulla H. Saif - Chairman, Mr. Chumpol NaLamlieng - Vice Chairman, Mrs. Chonpreya Pacharaswate, Mr. Aymen T. Almoayed, Mr. Robert H.J.J. Timmers, and Mr. Yann Caillère.

This statement comes as Kempinski gears up to celebrate its 120-year anniversary on 5 April 2017 and welcomes Gran Hotel Kempinski Manzana La Habana Cuba as the latest prestige hotel in its portfolio.

About Kempinski

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. Today the Kempinski Group operates 82 hotels and residences in 34 countries and currently has more than 25 prestigious projects under development around the globe. Each five-star hotel reflects the strength and success of the Kempinski brand without losing sight of its heritage; each one imbues the quality guests have come to expect from Kempinski while embracing the cultural traditions of its location. The portfolio comprises historic landmark properties, award-winning urban lifestyle hotels, outstanding resorts and prestigious residences. Kempinski is a founding member of the Global Hotel Alliance (GHA), the world's largest alliance of independent hotel brands. www.kempinski.com www.ghadiscovery.com

Anastasia Ivanova
Senior Account Director, Ketchum
Kempinski