Kempinski: New ownership structure
The Kempinski luxury hotel group, represented in Switzerland by a five-star hotel in St. Moritz, has a new ownership structure. The previous owners are swapping their shares.
The two owners of Kempinski AG have formalized their plans for a share swap, effective February 16. The majority stake in the hotel corporation will in future be held by the existing shareholders from Bahrain, while the Thai shareholders will hold a minority stake.
In addition, a new Supervisory Board was appointed. The members of the Board now include His Excellency Abdulla H. Saif as Chairman of the Supervisory Board, Mr. Chumpol Na LamLieng as Vice Chairman, and Ms. Chonpreya Pacharaswate, Mr. Aymen T. Almoayed, Mr. Robert H.J.J. Timmers, and Mr. Yann Caillère.
"In an industry that is increasingly consolidating, we feel very privileged that the commitment of our shareholders to continue Kempinski AG as a private company has now been formalized," said CEO Markus Semer.
Founded in 1897, Kempinski Hotels is the oldest luxury hotel group in Europe. In total, the company operates 75 five-star hotels in 30 countries, including the Grand Hotel des Bain in St. Moritz. According to the group, new hotels are to be added in Europe, the Middle East, Africa and Asia.Kempinski will soon open a property in Havana.
