Kempinski

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Kempinski Hotels S.A.
Private
Industry Hospitality, Tourism
Founded 1897 in Berlin, Germany
Headquarters Geneva, Switzerland
Key people
  • Markus Semer Chairman of Management Board & CEO
  • Marcus van der Wal COO
  • Colin Lubbe CFO
Products Hotels, Restaurants, Residences
Number of employees
24,000
Slogan A Collection of Individuals
Website www.kempinski.com

Kempinski Hotels S.A. is an international hotel chain founded as the Hotelbetriebs-Aktiengesellschaft in Berlin, Germany, in 1897. The Corporate Office is located in Geneva, Switzerland. Thailand's Crown Property Bureau (CPB Equity Co. Ltd) has the majority holding in the group.[1]

Corporate ownership[edit]

The parallel history of the present-day hotel company began in 1897 with the foundation of the Hotelbetriebs-Aktiengesellschaft in Berlin by the banker Leopold Koppel. In 1926, the company was taken over by Aschinger, who also ran the Hotel Kaiserhof and the Hotel Baltic.

When in 1953 Friedrich Unger sold his shares and the name Kempinski to the Hotelbetriebs-Aktiengesellschaft, the name Bristol was adopted. In subsequent years, the "Hotelbetriebs-Aktiengesellschaft" took over the management of several hotels. In 1957, it acquired the Hotel Atlantic in Hamburg. This elegant hotel, known as Weisses Schloss ("White Castle"), was opened in 1909 and was a recognized Hamburg institution even then.

In 1970, the General Assembly of the Hotelbetriebs-Aktiengesellschaft voted to change its name to Kempinski Hotelbetriebs- Aktiengesellschaft. In the same year, a long-lasting partnership was established with Lufthansa in the form of a 50-percent participation in the Hotel Vier Jahreszeiten in Munich, in which Lufthansa already had a holding. In 1977, the hotel company received its present name as Kempinski Aktiengesellschaft (AG). At the same time, the Kempinski Hotel Gravenbruch in Frankfurt was added to the group's portfolio as its fourth German hotel.

In 1985, Lufthansa acquired shares in Kempinski AG and thereby enabled the hotel company to operate Kempinski hotels abroad too. A year later, Kempinski AG, Lufthansa and the finance company Rolaco S.A. founded Kempinski Hotels S.A., with its head office in Geneva. In 1993 Kempinski AG acquired all the shares in Kempinski S.A.

The Dusit Sindhorn Company Ltd. took over Kempinski in November 1994, when it acquired a 52% stake.[2][3] The 50:50 joint venture between Dusit Thani Group, and the Siam Commercial Bank eventually accumulated a 83% stake in the group, and Dusit Thani exited from the joint venture in 1998, when it sold out to its partner.[4]

References[edit]

  1. ^ Chachavalpongpun, Pavin (24 July 2016). "A Crown Prince and German affairs". New Mandala. Retrieved 24 July 2016. 
  2. ^ "Kempinski Hotels -- 100 years of a grand tradition", hurriyetdailynews. 1 June 1997
  3. ^ "Lufthansa Sale Of Hotels Due". The New York Times, 29 November 1994
  4. ^ Spritzer, Dinah A. (12 March 1998). "Dusit Thani Sells Its Share of Kempinski". Travel Weekly

Further reading[edit]

External links[edit]