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Headed Up by Karl F. Foerster, Newly Appointed President & COO |
Brussels, October 2000�. SAS International Hotels (SIH), a wholly owned
subsidiary of Scandinavian Airlines System (SAS), has expanded its presence
in the hotel business by purchasing the brand and rights to the expansion
of Malmaison from its current owner, Wyndham International. This
was achieved through the formation of a Joint Venture company between SIH
and the UK property company Marylebone Warwick Balfour Group Plc. As of
November 3rd, SIH will manage the entire Malmaison portfolio, under a 20-year
operating and management agreement, to be headed up by Karl F. Foerster,
newly appointed President & COO of Malmaison, effective from early
November.
Launched
in 1994, Malmaison is regarded as one of the UK�s leading boutique �lifestyle�
hotel groups and has built an enviable reputation as an exclusive hotel
brand. The group currently consists of five properties in the United Kingdom,
located in Manchester, Leeds, Edinburgh, Glasgow, and Newcastle-upon-Tyne,
representing some 460 bedrooms. Properties in Birmingham and London are
currently under development which, together with substantial extensions
to both the Manchester and Edinburgh hotels, will virtually double the
number of rooms in the chain to 800.
Karl F. Foerster, 57, heads up operations in the UK as President & COO, effective from early November. Educated in Germany and Switzerland, Foerster began his career in hospitality
in 1964 on a Management Training Programme with ITT Sheraton and was consistently
promoted to ultimately take up the position of Senior Vice President ITT
Sheraton, Europe in 1982. In 1988, he was appointed Managing Director of
Lufthansa�s Hotel Management GmbH and, as a result, was both a member of
the Supervisory Board of Kempinski and Chairman of Penta. Foerster joined
SIH in Dusseldorf in 1992 and was appointed Regional Director Germany in
1996, a position he has held until this time.
Kurt Ritter, newly appointed Chairman of Malmaison and existing President & CEO of Radisson SAS Hotels & Resorts comments: �I am very excited by our decision to extend the SIH portfolio into other brand outlets. The history, reputation and strength of the Radisson SAS brand will compliment Malmaison�s own expansion plans and will be a strong ally for future growth.� �It certainly feels good and is a lot of fun to stay at a Malmaison.
The highly motivated and competent management team and its work force impress
me; they represent an incredible asset to the brand. The brands and organisations
will be kept completely independent from each other, in order to maintain
distinct and separate identities.�
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Britta Jarchow Public Relations Coordinator Radisson SAS Hotels & Resorts Rue de Geneve 10 1140 Brussels, Belgium Tel: + 32 2 702 9331 Fax: + 32 2 702 9300 [email protected] |
Also See | Marylebone Warwick Balfour Group Plc. Acquire the Malmaison Brand and Hotel Properties for Approximately $112.5 million / Sept 2000 |