This wholly owned acquisition of Augustine Hotel marks a significant step in the company’s strategic shift towards an asset-heavier approach to its global portfolio, under the stewardship of Barbara Muckermann, CEO, Kempinski Group. Furthermore, this is the first acquisition for Kempinski Hotels in over 50 years, since the investment in Hotel Vier Jahreszeiten Kempinski Munich in 1970.
Located in historic Malá Strana (Lesser Town) beneath Prague Castle, Augustine Hotel, Prague stands within the walls of the Augustinian Monastery of St. Thomas, a historical site dating back more than 800 years and remains a living, working community of Augustinian monks that preserve a daily routine of worship, work, and study. The property occupies a carefully delineated portion of the historic site, creating an extraordinary dialogue between past and present, maintaining age-old scriptures that hold learnings from centuries of contemplative life.
“Kempinski was founded on a simple belief: that hospitality should enable guests to experience the best of The Good Life, ” commented Muckermann. “Since its origin, Kempinski has defined luxury not as status or formality, but as generosity and joy; curating experiences from the heart of the destination and deriving richness from its culture and communities. As we evolve our business and brand strategy we are bringing this heritage back to life with the modern day traveller in mind.”
A great solo travel tip spotted this week on Hotel Designs.
