Design Hotels AG: Intended changes in the Management Board of Design Hotels AG

Berlin, May 3, 2018 (pta021/03.05.2018/11:10 UTC+2) The Supervisory Board of Design Hotels AG has discussed the future management structure of Design Hotels AG and has reached a common understanding with Claus Sendlinger, the founder and currently the sole member of the Management Board of Design Hotels AG, on the intention that Claus Sendlinger will regularly leave the Management Board of Design Hotels AG upon expiry of his current term of office on November 30, 2018.

It is further intended that Claus Sendlinger will continue to serve Design Hotels AG in an advisory capacity even after having left the Management Board. For this purpose, a consulting agreement with a fixed term of initially two years shall be concluded with Mr. Sendlinger.

Finally, it is intended that Mr. Peter Cole shall be appointed as member of the Management Board of Design Hotels AG with effect as of December 1, 2018 at the latest and, thus, as successor of Claus Sendlinger. Mr. Cole is a 21-year Marriott veteran with extensive industry experience. His previous roles include CFO of The Americas, Global CFO of The Ritz-Carlton Hotel Company and Managing Director of Business Integration. Mr. Cole brings deep experience within the luxury space and working with owners who desire individually-positioned hotels within a brand. He has signaled towards the Supervisory Board his willingness to accept the office in case of his appointment to the Management Board of Design Hotels AG and to shape the future of Design Hotels AG.

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Emitter:	Design Hotels AG Stralauer Allee 2c 10245 Berlin Germany
Contact Person:	Sascha Wolff, Chief Financial Officer
Phone:	+49 30 8849400-14
E-Mail:	ir@designhotels.com
Website:	www.designhotels.com
ISIN(s):	DE0005141006 (Share)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Munich (m:access), Stuttgart