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Deutsche Hospitality

press release: International hotel operator Deutsche Hospitality takes over majority of Danish hotel brand

press release: International hotel operator Deutsche Hospitality takes over majority of Danish hotel brand
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Expansion of the competitive position: With an 51% investment in the family-run Zleep Hotels, Deutsche Hospitality is bringing a fifth hotel brand under the umbrella of the global player, thus creating the best possible conditions for further growth of all brands.

Please find attached and in the e-mail below the press release:

International hotel operator Deutsche Hospitality takes over majority of Danish hotel brand

Entry into the economy market with the portfolio of Zleep Hotels

Massive investments in further development

Frankfurt am Main, 24 January 2019

Expansion of the competitive position: With an 51% investment in the family-run Zleep Hotels, Deutsche Hospitality is bringing a fifth hotel brand under the umbrella of the global player, thus creating the best possible conditions for further growth of all brands.

The umbrella brand Deutsche Hospitality combines four well-known hotel brands: Steigenberger Hotels and Resorts, MAXX by Steigenberger, Jaz in the City and IntercityHotel. With the Zleep Hotels brand, Deutsche Hospitality is expanding its product offering, entering the economy market and expanding into Scandinavia for the first time.

"Zleep Hotels are the perfect complement to our brand portfolio," explains Thomas Willms, CEO, Deutsche Hospitality. "Peter Haaber, the founder and CEO of Zleep Hotels, has created a remarkable success story in the past few years in establishing a well-known brand among those guests who are price-conscious but at the same time emphasize on design and quality during their hotel stay. With their strong presence in Scandinavia, Zleep Hotels are the ideal partner for the further growth of Deutsche Hospitality", Willms continues.

With Zleep Hotels, Deutsche Hospitality is not only further expanding its competitive position in Central Europe, but is also beginning its market entry into Scandinavia. Ten hotels in Denmark and one hotel in Sweden are currently part of the Zleep Hotels portfolio, and four more are in the planning stage. Both parties, Deutsche Hospitality and Zleep, will invest a multi-digit million amount in the further development of the company. Zleep also offers the platform and the knowledge for Deutsche Hospitality to expand in Northern Europe with all brands.

CEO Peter Haaber will strengthen the success of Zleep within the brand family of Deutsche Hospitality: "Zleep's vision is to always deliver quality, service and design at a great rate for the many. Since our founding in 2003, Zleep has developed into a well-known and successful hotel brand in Scandinavia. The cooperation with Deutsche Hospitality enables us to gain a foothold in Central Europe in particular. So the different brands complement each other perfectly and we can develop together."

With the planned Zleep Hotels, the portfolio of Deutsche Hospitality currently includes almost 150 hotels on three continents 30 of which are in the pipeline.

Current press information is available in our press portal.

Press contact

Deutsche Hospitality | Lyoner Straße 25 | 60528 Frankfurt a. M.

Sven Hirschler | Tel: +49 69 66564-422

E-mail: sven.hirschler@deutschehospitality.com

Zleep Hotels A/S | Dalbergstrøget 5, 1 sal || 2630 Taastrup, Denmark

Peter Haaber | Tel: +45 5157 8700

E-mail: ph@zleephotels.com

Deutsche Hospitality brings together four separate hotel brands under a single
umbrella. Steigenberger Hotels and Resorts has 60 hotels housed in historic
traditional buildings and lively city residences and also offers health and
beauty oases set at the very heart of nature. MAXX by Steigenberger is a new and
charismatic concept which places the focus on the essential in accordance with
its motto "MAXXimize your stay". Jaz in the City branded hotels reflect
metropolitan lifestyle and draw upon the local music and cultural scene. And
IntercityHotel offers more 40 upper mid-range urban hotels, all of which are
located within easy walking distance of railway stations or airports. A further
30 hotels are currently at the development stage. This means that the Deutsche
Hospitality portfolio currently encompasses a total of over 130 hotels on three
continents.

Zleep Hotels was founded in 2003 by Peter Haaber. Since, the brand has
established itself as a main player on the Danish hotel market with big
potential in the rest of the Nordics. Zleep Hotels is an innovative company on
the road to success. Its vision is to always deliver quality, service and design
at a great rate for the many. Today, the hotel brand consists of 10 hotels in
Denmark and one in Sweden. A total of four hotel projects are already published
and in the pipeline. The goal is to operate 40 in 2025. To realize this goal,
Zleep Hotels must prove its competences to be considered an attractive
franchiser, partner and investment. Deutsche Hospitality's acquisition of a
stake in the brand is a stamp of approval for property developers.

www.deutschehospitality.com/en 
www.steigenberger.com/en |www.maxxhotel.com/en 
www.jaz-hotel.com/en | www.intercityhotel.com/en |www.zleephotels.com/en/
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