Chairman of the Board Dr. Andreas Karsten to leave Vienna International Hotelmanagement AG for private reasons. Change in the Board of Austria’s largest hotel operator Vienna International Hotelmanagement AG. For private reasons Dr. Andreas Karsten has decided not extend his contract that expires on 31st August 2014; he will, however, continue to support the company in an advisory capacity.
“Dr. Karsten gave us timely warning of his private plans, so we could plan and prepare a well-organised transition at the top of the company. His successor has already been chosen and will be announced in the coming weeks,” according to Dr. Franz Jurkowitsch, Chairman of the Supervisory Board at Vienna International, “We thank Dr. Karsten for three years of extremely successful cooperation; since 2011 Dr. Karsten has strategically re-established the company for the future and by means of acquisitions has significantly expanded and sustainably enhanced our earnings potential. He has also managed to successfully position VI in the real estate sector in addition to our hotel business and prepared us for the planned stock market flotation. We are extremely glad to retain Dr. Karsten at least as a consultant in this field. We thank Dr. Karsten for the very successful cooperation and regret his departure.“.

Vienna International Hotelmanagement AG was founded in 1989. Vienna International operates and is developing a total of 37 first‐class hotels & resorts and 1 hotel project. The portfolio, which also includes one Leading Hotel of the World, comprises city, resort, spa and conference hotels. The hotels are located in nine European countries: Austria, the Czech Republic, Poland, Croatia, France, Germany, Romania, Slovakia and Russia. In addition to holiday and leisure products internationally, e.g. in Loipersdorf, Salzburg, Carlsbad and Opatija, the focus of the destinations is on business centres such as Salzburg, Munich, Berlin, Paris, Prague, Cracow, Łódź, Bucharest and Ekaterinburg. The hotels under management by VI generated € 177 million in revenue with 2.4 million bed nights in 2013.
The group currently employs a total of about 2,500 people. More information is available at www.vi-hotels.com (Press).