September 30, 2014 8:08 PM ET

Hotels, Restaurants and Leisure

Company Overview of Steigenberger Hotels AG

Company Overview

Steigenberger Hotels AG owns and operates hotels and resorts in Germany, Austria, Belgium, Switzerland, the Netherlands, Egypt, and China. It operates individual first class and deluxe hotels; and hotels in the upper mid-range category located in the transport hubs, such as railway stations and airports. The company was founded in 1930 and is based in Frankfurt, Germany. As of August 20, 2009, Steigenberger Hotels AG operates as a subsidiary of Travco Group International Holding S.A.E.

Lyoner Strasse 40

Frankfurt,  60528

Germany

Founded in 1930

Phone:

49 69 665 64 01

Fax:

49 69 665 64 88 8

Key Executives for Steigenberger Hotels AG

Chief Executive Officer and Member of Executive Board
Age: 50
Chief Financial Officer
Chief Operating Officer and Member of Executive Board
Managing Director of Scandinavia
Director of Finances & Accounts
Compensation as of Fiscal Year 2014.

Steigenberger Hotels AG Key Developments

Steigenberger Hotels AG Signs Agreement for a Fifth Hotel in China

Steigenberger Hotel Group announced that an agreement has now been signed for a fifth hotel in the country to be located in the multi-million eastern metropolis of Taizhou. The Steigenberger hotel in Taizhou will be housed in the top twelve storeys of the 300-metre City Towers, which will then become the city's tallest structure. More than 200 rooms and suites will be available to guests, whilst an events centre extending over an area of 750 m2 will offer several conference, seminar and meeting rooms. The whole of the 61st floor will be given over to a health and beauty spa facility which will be over 1,000 m2 in size have its own gym and treatment areas. Culinary facilities in the form of several international restaurants will be installed on the 2,000 m2 top floor. There are also plans for a Lobby Bar and German Café Lounge. The hotel is scheduled to open in the fourth quarter of 2017.

Steigenberger Hotels AG Announces Sales Results for the First Quarter of 2014

Steigenberger Hotels AG announced sales results for the first quarter of 2014. For the quarter, the company reported that its sales went up by 11.6% to €121.6 million.

Steigenberger Hotels AG Appoints Stefan-Peter Buchs as Area General Manager Switzerland

Stefan-Peter Buchs has been appointed to the position of area general manager Switzerland for Steigenberger Hotels AG. Buchs takes up his position from July 2013 with overall responsibility for Steigenberger's three hotels in Switzerland, and with each hotel director reporting directly to him. He is also in charge of the central sales and revenue management office based at Thalwil. Buchs was previously VP Europe, Middle East and Africa for Banyan Tree Hotels & Resorts, based in London since 2011.

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