Design Hotels AG: Cash compensation for merger squeeze-out determined at EUR 4.00 per share

PRESS RELEASE 

Berlin, October 23, 2020 - Today, Marriott DH Holding AG ("Marriott DH Holding") has confirmed its request to Design Hotels AG ("Design Hotels") for transfer of minority shares and announced that the cash compensation for the transfer of shares of the minority shareholders as part of the merger squeeze-out pursuant to section 62(1) and (5) of the German Transformation Act (UmwG) in conjunction with sections 327a et seqq. of the German Stock Corporation Act (AktG) has been set at an amount of EUR 4.00 per Design Hotels share. 

The conclusion and notarization of the merger agreement between Design Hotels and Marriott DH Holding is envisaged to take place on 29 October 2020. The squeeze-out resolution is planned to be adopted by the annual general meeting of Design Hotels on 17 December 2020. 

The effectiveness of the cash merger squeeze-out is subject to the consent of the general meeting of Design Hotels and the registration of the transfer resolution and the merger in the commercial registers at the seats of Marriott DH Holding and Design Hotels. 

The Management Board