Annual General Meeting approves of domination agreement with Starwood
Berlin, 21 July 2014 – The annual general meeting of Design Hotels AG resolved today, among other things, to approve of the domination agreement between Design Hotels AG and Starwood Hotels & Resorts Worldwide, Inc. The resolution regarding the approval of the domination agreement was passed with a majority of 86.93 % of all shareholders present or represented in the meeting. There were six objections put on record of the minutes. In order to become effective, the domination agreement requires registration with the commercial register. The registration with the commercial register can be delayed or prevented in the event the resolution regarding the approval of the domination agreement is challenged in court.
Contact:
Design Hotels AG
Sascha Wolff (CFO)
Stralauer Allee 2c, 10245 Berlin
P +49 (0)30 88 494 00 03
F +49 (0)30 259 330 17
ir@designhotels.com
About Design Hotels(TM)
Design Hotels(TM) represents and markets a curated selection of more than 270 independent hotels in over 50 countries across the globe. More than a collection of hotels, the company is a collection of stories. Each property reflects the ideas of a visionary hotelier, an “Original,” someone with a passion for genuine hospitality and cultural authenticity, for thought-provoking design and groundbreaking architecture. All “Originals” stand for the individual, aesthetic and service-driven experiences that their hotels provide. Design Hotels(TM) has developed into a full-service hospitality marketing consultant, offering customized services including global sales representation, revenue management, strategic marketing, public relations and branding.
www.designhotels.com, ISIN: DE0005141006, m:access Munich Stock Exchange (Open Market)