_{Press releases and information at a glance}

Exploring the world and experiencing community at the same time: These values form the basis of the partnership between MEININGER Hotels and Red Bull.

To Berlin in seven days with Red Bull cans as the only currency

MEININGER Hotels is the official hospitality partner of Red Bull Can You Make It? 2024, a once-in-a-lifetime opportunity for adventure seekers from around the world. It's offering rooms in four starting cities for participants of the event and Red Bull employees. In Milan, Copenhagen, Budapest, and Amsterdam, the respective MEININGER Hotels are the starting point for the participating teams of three. Here, they'll be welcomed and briefed before the exciting journey across Europe begins. The teams will then try to reach the finish line in Berlin in just seven days, using only Red Bull cans as currency.

Who arrives in Berlin first is not the deciding factor; the teams will be judged on three factors:

1. number of challenges at specified checkpoints across several countries in Europe,

2. completed tasks on the adventure challenge list,

3. sharing their adventures on their social media channels and www.redbullcanyoumakeit.com.

The daily experiences therefore count more than being the fastest team. MEININGER Hotels will also accommodate the teams and Red Bull employees in the destination city of Berlin, providing rooms in four hotels across the city center.

Discovering & supporting community: Values that unite

Community is a top priority at MEININGER Hotels. Its facilities offer a variety of opportunities for one to socialize with other guests; if desired. Almost every MEININGER hotel has a game zone with a selection of board and card games, a pool table, and table football. Other good meeting spots are the guest kitchen or the bar, where guests can relax, enjoy the company of others, or start an exciting night out. "MEININGER Hotels guests are curious explorers, and we support them in getting the most out of their trip. Our hotels are places where exciting moments begin. They are the base to start explorations and they allow experiencing this in a community. We're delighted that we can also be this base for the Red Bull Can You Make It? candidates, in line with our slogan "Step out and Explore". Experiencing adventure, discovering the world, and doing so as a team; that's what Red Bull stands for, just like MEININGER Hotels," says Ajit Menon, CEO of MEININGER Hotels.

Red Bull Can You Make It? - that's what it's about:

Red Bull Can You Make It? challenges teams of 3 to the adventure of a lifetime. Teams from all over the world have seven days to travel across Europe using only cans of Red Bull as currency. Viewers can follow the teams' journey on the official Red Bull Can You Make It? website. The teams will earn points by completing numerous checkpoint and adventure challenges in different European countries to secure first place on the leaderboard. It's not about being the first team to reach the finish line; it's about the adventures along the way.

This journey is about using wits, charm, and strategy to answer one important question: Can You Make It?

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The European hotel group is investing in comprehensive renovations of three properties: one in Munich and two in Vienna, as part of over 10 larger-scale hotel refurbishments in 2024.

MEININGER Hotel Munich City Centre becomes MEININGER Hotel München Zentrum

Despite its new name, the MEININGER Hotel München Zentrum, situated directly on Landsbergerstraße, will maintain its prime location, ensuring it remains a versatile and convenient starting point for our guests. The famous Theresienwiese is within walking distance, as are the central bus station and the main railway station, and Munich city centre is just a few minutes away by public transport. After the extensive renovation, which started in June 2023, the hotel's design will combine the tranquillity and charm of the Bavarian countryside with the dynamism, diversity and modernity of the city of Munich. It's 94 rooms with 394 beds will use wooden and metallic elements, heralding a new era of MEININGER.

Ajit Menon, CEO of MEININGER Hotels: "Munich is an important location for us. Events such as the Oktoberfest, the European Championship 2024 and many major trade fairs are crowd-pullers, so it goes without saying that we want to maintain a strong presence in the Bavarian capital. That is why we attach great importance to fulfilling the MEINIGNER quality standard at our most central Munich location. The renovation is in line with our sustainability approach and the values we stand for as a company."

The renovated and renamed MEININGER Hotel München Zentrum is expected to welcome guests in summer 2024.

MEININGER Hotel Wien Downtown Sissi gets a new look

Not only in the Bavarian capital are significant renovation works planned: The European hotel group has extended the contract with landlord GalCap for the Hotel Wien Downtown Sissi by 20 years and is accordingly planning the renovation of the property.

The MEININGER Hotel Wien Downtown Sissi, with 102 rooms and 294 beds, is located in the heart of Vienna in the 2nd district. In 2024, it is set to receive a new look with extensive modernizations planned, while maintaining its central location. The renovations are primarily scheduled for public areas, but the rooms and corridors are also expected to benefit from the new design.

Even today, the elegance of Empress Elisabeth of Austria-Hungary is visible in Vienna. The planned seven-figure investment in renovation aims to make the MEININGER Hotel Vienna Downtown Sissi shine in new splendor, preserving its old-world charm and attention to detail. At the same time, the facilities are intended to be upgraded to the standards of the new generation of MEININGER Hotels.

Marco Kohla, Managing Partner of GalCap, states: "We are very pleased to solidify the successful collaboration with MEININGER Hotels for another 20 years. Stable, long-term partnerships are the core of our business model. The concept of MEININGER Hotels fits excellently into our mixed-use property at this outstanding location."

After the contract extension until 2043, the MEININGER Hotel Wien Downtown Franz will also undergo renovation in 2024.

What would Sissi be without Franz? In addition to the refurbishment of the MEININGER Hotel Wien Downtown Sissi, the MEININGER Hotel Wien Downtown Franz is set to shine in new splendor in the coming year. Located in Leopoldstadt in the 2nd district of Vienna, the hotel has 131 rooms and 487 beds, a guest kitchen, a game zone, and other typical MEININGER amenities. Following the motto "imperial lodging," the hotel will undergo extensive modernization with a seven-figure investment. The innovations in public areas and rooms are expected to welcome guests in an imperial manner by the end of 2024.

The LLB Immo KAG, a subsidiary of Liechtensteinische Landesbank (Österreich) AG and established for many years in the real estate investment fund business, acquired the property for one of its environmentally certified UZ49 special funds in 2021. Michael Schoppe, Managing Director of LLB Immo KAG, says, "In the MEININGER Hotels group, we see a strong partner who shares our views on sustainable building use. High emphasis is placed on sustainability and material ecology in all measures. The declared goal here is also to obtain a climate declaration."

The modernization measures are set to begin in 2024. Alexander Hauer, responsible Asset Manager at LLB Immo KAG, expresses excitement about future collaboration and the outcome of the refurbishments.

Ajit Menon, CEO of MEININGER Hotels, on the renovations in Vienna, states: "Our two hotels in the Austrian capital are something special - not only because of their names Sissi & Franz. Being able to operate two such unique and centrally located properties in Vienna is extremely important to us. Therefore, we are very pleased that we were able to extend the leases of both for another 20 years. To prepare the properties for the next 20 years and bring them up to the current MEININGER standard, we have decided on comprehensive modernization works."

In addition to the Munich hotel and the two houses in Vienna, MEININGER Hotels has ambitious plans for renovations at several other properties across Europe in 2024. This refurbishment effort will encompass the second MEININGER Hotel in Munich, multiple houses in Berlin, as well as properties in Frankfurt, Hamburg, Amsterdam, Rome, Salzburg, and Copenhagen.

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The European hotel group extends contract with landlord GalCap by 20 years and sets to renovate its hotel on Schiffamtsgasse in Vienna, Austria.

The 102 room, 294 bed MEININGER Hotel Wien Downtown Sissi is located in the heart of Vienna in the 2nd district. It is due to be given a new look in 2024: Extensive modernisation is planned, but the central location will remain the same. The renovations are mainly planned for the public areas, but the rooms and corridors will also benefit from the new look.

The elegance of Empress Elisabeth of Austria-Hungary is still visible in Vienna. The planned seven-figure investment in renovation work is to refresh MEININGER Hotel Vienna Downtown Sissi, while preserving its old-world charm and attention to detail. Simultaneously, the facilities are intended to be upgraded to the standards of the new generation of MEININGER Hotels.

Ajit Menon, CEO of MEININGER Hotels, on the reasons for the renovation: "A consistent standard of quality is very important to us. We are therefore investing in the refurbishment of the MEININGER Hotel Vienna Downtown Sissi to bring it up to our latest standards. The refurbishment will be managed in line with our sustainability approach and the values we stand for as a company."

Marco Kohla, Managing Partner of GalCap: "We are very pleased to continue our successful cooperation with MEININGER Hotels for another 20 years. Stable, long-term partnerships are the core of our business model. The MEININGER Hotels concept is an excellent fit for our mixed-use property in this outstanding location."

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New year, new look: MEININGER Hotel Wien Downtown Franz is to be renovated in 2024 following the prolongation of the contract until 2043.

What would Sissi be without Franz? In addition to the renovation of the MEININGER Hotel Wien Downtown Sissi, the MEININGER Hotel Wien Downtown Franz is also set to shine in new splendour next year. The hotel in Leopoldtstadt in Vienna's 2nd district has 131 rooms and 487 beds, a guest kitchen and game zone as well as other typical MEININGER amenities. True to the motto "imperial accommodation", the hotel is to undergo extensive modernisation work as part of a seven-figure investment. The improvements to the public areas and rooms should ensure an imperial welcome by the end of 2024.

Ajit Menon, CEO of MEININGER Hotels, on the reasons for the renovation: "A consistent standard of quality is very important to us. We are therefore investing in the refurbishment of the MEININGER Hotel Wien Downtown Franz to bring it up to our latest standards. This is in line with our sustainability approach and the values we stand for as a company." The decision to renovate followed the contract with the landlord LLB Immo KAG being extended until 2043.

As a subsidiary of the Liechtensteinische Landesbank (Österreich) AG, LLB Immo KAG has been active in the real estate investment fund business for many years and purchased the property for one of its real estate funds which is certified by the ecolabel UZ49.

"We see MEININGER Hotels as a strong partner, who shares our views on sustainable use of properties. In all measures high attention is paid to sustainability and building material ecology. Focus is here also on obtaining a declaration by ecolabel klimaaktiv" Michael Schoppe, Managing Director of LLB Immo KAG.

Refurbishment works are scheduled to start at the beginning of 2024. "We look forward to further cooperaton and to the result of the refurbishment" Alexander Hauer, Asset Manager at LLB Immo KAG.

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With the planned hotel opening in the Scottish capital, MEININGER Hotels continues its expansion into new markets and takes a step into the United Kingdom.

Typical MEININGER: Centrally located and convenient

The contracts have been signed, and the transformation of a former office building into the new MEININGER Hotel in Edinburgh is set to begin. The hotel will feature 157 rooms with a total of 549 beds, including double rooms, triple rooms, four-bed rooms, and even six-bed rooms. The property is situated near Haymarket, one of Edinburgh's main thoroughfares, with direct access to tram stops and a mainline railway station. In the surrounding area, many exciting new projects are underway, including the £850 million Edinburgh St. James Quarter, featuring retail spaces, restaurants, and a cinema. This neighborhood is poised to become even more attractive in the coming years. "The location of our planned property in Edinburgh aligns perfectly with our

slogan, 'Step Out and Explore.' We want to encourage our guests to get to know and appreciate the city. The Haymarket area is ideal for this purpose: centrally located and with perfect access to all major attractions," said Ajit Menon, CEO of MEININGER Hotels, explaining the choice of location.

Scotland as a promising tourism market

Edinburgh, Scotland's majestic capital is considered one of Europe's most beautiful cities, boasting a rich history and breathtaking architecture. Both the Old Town and the New Town, designated UNESCO World Heritage Sites, captivate with their unique charm. In Scotland, Edinburgh stands out as the city with the highest tourist numbers, ranking second in the entire United Kingdom, after London. The city entices visitors with a wealth of highlights, including the impressive Edinburgh Castle, the magnificent Holyrood Palace, and the historic Royal Mile. Edinburgh is also famous for hosting the annual Tattoo Festival and various arts and cultural events, such as the Edinburgh Fringe. The city's New Year celebrations, known as 'Hogmanay,' span three days and feature citywide festivities. Ajit Menon, CEO of MEININGER Hotels, added,"We are excited to bring the proven and successful MEININGER hybrid hotel concept to Edinburgh, re-entering the United Kingdom and further expanding our presence in Europe. We believe that Edinburgh, with its lively, diverse and unique nature resonates with the MEININGER culture. Edinburgh attracts families, couples, backpackers, school groups, friends and business travellers alike, making the city a perfect fit for our brand."

MEININGER continues its expansion

Following openings in Venice, Cologne, and Krakow this year, with further planned openings in Barcelona, MEININGER Hotels announces its next expansion into the Scottish market. To ensure sustainable growth, MEININGER focuses on treating each opening with care, rather than pursuing mass openings. The successful hybrid hotel concept will gradually expand into new markets and major cities, with a focus on Europe.

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