MEININGER Hotels is delighted to announce the appointment of Doros Theodorou to the newly-created position of Chief Commercial Officer (CCO).

Doros brings over 17 years of experience in strategic sales and marketing, combined with significant technical knowledge within the hospitality and travel industry. He joins MEININGER from Sunhotels by Webjet, where he is currently CCO and was instrumental in establishing a successful global sales and marketing organisation. Previously he has held senior positions of increased commercial responsibility at TripAdvisor, Kuoni Global Travel Services and Gulliver's Travel Associates (GTA).

As Chief Commercial Officer Doros will lead MEININGER's commercial teams in sales, marketing and revenue management. Doros will be based in London and Berlin and will sit on the MEININGER Hotels Ltd Board and report into Hannes Spanring, Chief Executive Officer. His appointment will become effective on the 4th September 2017.

Doros Theodorou, CCO, comments: "I am thrilled to be joining Hannes and the team at such an exciting time at MEININGER Hotels. I believe there is a great opportunity in the hospitality industry for MEININGER's hybrid hotel model. I very much look forward in working with the team on accelerating the MEININGER growth and expansion strategy over the next five years and to make sure we are well placed to succeed in our ambitious plans."

Hannes Spanring, Chief Executive Officer of MEININGER Hotels, comments: "The creation of the Chief Commercial Officer role ensures MEININGER's organisation and capabilities evolve to support our current operating priorities. These priorities include accelerating growth and driving towards true competitive advantage across the commercial areas of the business. I am delighted to welcome Doros Theodorou to the company as our first Chief Commercial Officer. His experience in building successful sales and marketing organisations across the world makes him a hugely valuable addition. I look forward to working with him as he executes a commercial plan for MEININGER Hotels and provides integrated commercial leadership for the Company."

About MEININGER Hotels:

MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specialising in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai and also on the Luxembourg Stock Exchange.

MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humour and an enthusiastic team, MEININGER hotels with their guests from all over the world become a real home away from home.

The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travellers and corporate guests.

MEININGER currently operates 17 hybrid hotels in Europe, with a total of 8,149 beds in 11 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Munich, Salzburg and Vienna. Contracts for 14 new hotels in Amsterdam, Berlin, Brussels, Budapest, Heidelberg, Milan, Munich, Paris, Rome, Saint Petersburg, Zurich and Lyon have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to North America and Asia are also being sounded out.

In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

www.meininger-hotels.com

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