Kempinski Hotels Acquires Historic Augustine Hotel in Prague, Marking First Acquisition in Over 50 Years
🏨 Geneva, Switzerland, October 2023: Kempinski Hotels acquires Augustine Hotel, Prague, marking its first acquisition in over 50 years since 1970. Located in historic Malá Strana, Prague, this landmark hotel within the 800-year-old Augustinian Monastery of St. Thomas features 101 guest rooms, 20 suites, restaurants, a spa, and 400 sqm of meeting space. Under CEO Barbara Muckermann, this move signals Kempinski's strategic shift to an asset-heavy model, emphasizing heritage and luxury.
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