Berlin - The Supervisory Board of design hotels AG (Regulated Market, Munich: LBA; ISIN: DE0005141006) has extended the contract for CEO Claus Sendlinger by five years - retroactive from 1 July 2006 through 30 June 2011.
Dr. Holger Peres, the Chairman of the Supervisory Board, comments on the decision: "After successful restructuring and a new focus, design hotels AG is on a healthy and sustainable growth path. The Supervisory Board is convinced that the company has a sound financial and operational foundation from which it can leverage current opportunities in the niche hotel market in the best interests of its shareholders. The company has filled a lucrative niche in the highly competitive hotel and real estate sectors. Over the past 10 years Claus Sendlinger has been successful in positioning design hotels(TM) as an attractive international brand and as a recognised service provider. As founder and one of the major shareholders, Claus Sendlinger is anyhow closely bound to the company. Nevertheless, the Board held it as a priority to secure the management capabilities of the current CEO on a long-term basis as the company is in a crucial development phase. Therefore a five year contract was agreed upon for the first time."
Contact:
design hotels AG Claus Sendlinger (CEO) Stralauer Allee 2c 10245 Berlin Tel. +49 (0)30 420 940-30 Fax +49 (0)30 259 330-17 [email protected]
Schwarz Financial Communication Frank Schwarz Tel. +49 (0)611 17453 9811 Fax +49 (0)611 17453 9829 [email protected]
design hotels AG (formerly: lebensart global networks AG) is an integrated provider of communication and positioning services and acts as a consultant for individually managed hotels and small hotel groups. The service range of design hotels begins with the concept for a hotel. Clients of design hotels AG can choose from a modular service portfolio. With the brand design hotels(TM) the company currently represents and markets a unique collection of 154 individual hotels in more than 40 countries. Through its marketing and communication activities design hotels AG forms the connection between the member hotel and a global clientele looking for self-determination and individuality.
www.designhotels.com, ISIN: DE0005141006, Munich Stock Exchange (Regulated Market)
--- End of Message --- WKN: 514100; ISIN: DE0005141006; Listed: Freiverkehr in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Geregelter Markt in Bayerische Börse München;