Puneet Chhatwal appointed as new CEO at Steigenberger

Frankfurt (ots) - The Supervisory Board of Steigenberger Hotels AG
has appointed Puneet Chhatwal as new Chief Executive Officer (CEO) of
the Management Board. From January 1, 2013 onwards and together with
Chief Financial Officer (CFO) Matthias Heck, Chhatwal will hold
responsibility for the hotel business based in Frankfurt/Main.

Steigenberger Hotels AG is very pleased to announce Puneet
Chhatwal (48), who has deep and long term international experience in
hotel management, as its CEO.

Having completed a Bachelor's Degree at the University of Delhi
and a diploma in Food Service and Hotel Management, Chhatwal started
his career with the India Tourism Development Corporation. After
several operational positions in India, he studied at IMHI (ESSEC),
Paris and earned a Master's Degree in 1991 in International
Hospitality Management. In 2012, he completed the Advanced Management
Program (AMP) at INSEAD Business School in Fontainebleau. Chhatwal is
a Fellow of the Institute of Hospitality (FIH).

After gaining valuable insights and experience in hotel consulting
and project development, Chhatwal joined Carlson Hotels Worldwide in
1998, where he was responsible for the development of the group's
brands in Europe, the Middle East and Africa. Since 2002, he has been
responsible for Corporate Business Development at the Rezidor Hotel
Group in Brussels. As Chief Development Officer (CDO) he became a
member of the Executive Committee in 2007. During his tenure at
Rezidor, the group grew from 150 to the current level of 435 hotels,
with brands such as Radisson Blu, Park Inn by Radisson, Hotel Missoni
and Regent.

"With his worldwide experience in top international hotel
development and management, Puneet Chhatwal will give decisive
stimuli for growth of Steigenberger and systematic orientation of
operating management to achieve the goals of our corporate strategy",
said Dr. Ralf Corsten, Chairman of the Supervisory Board of
Steigenberger Hotels AG. Steigenberger Hotels AG is one of Europe's
leading hotel companies. Its head office is based in Frankfurt/Main,
and the group operates 80 hotels in Germany, Austria, Switzerland,
the Netherlands and Egypt. The umbrella organisation Steigenberger
Hotel Group comprises the two brands Steigenberger Hotels and Resorts
(47 individual first- class and deluxe hotels) and InterCityHotel (33
midrange hotels located directly at transport hubs such as railway
stations and airports). Steigenberger Hotels AG has been in the sole
ownership of Hamed El Chiaty since 2009.

Photos available for download at the press portal
www.steigenbergerhotelgroup.com

Press contact:
Steigenberger Hotel Group * Corporate Communications Angelika Heyer *
Lyoner Strasse 40 * D-60528 Frankfurt/Main Tel.: +49 69 66564-422 *
Fax: +49 69 66564-424 E-mail:
Angelika.Heyer@steigenbergerhotelgroup.de

Current press information available at
www.steigenbergerhotelgroup.com