The story
Founded by Berthold Kempinski in 1897.1
Kempinski is the oldest hospitality company in the world, the first hotel brand ever. Also, Kempinski Hotels claims to be Europe's oldest luxury hotel group. Its history began in 1897 with the foundation of the "Hotelbetriebs-Aktiengesellschaft" in Berlin. A parallel development was that of M. Kempinski & Co, founded by Berthold Kempinski, which was acquired by the "Hotelbetriebs-Aktiengesellschaft" in 1953.
Berthold Kempinski was born on 10 October 1843 in Posen (then a German province, and now Poland). The Kempinski family was already successfully active in the wine trade from 1862. In 1872 it extended its company to Berlin, where Berthold Kempinski opened a wine merchant's business under his name in the Friedrichstraße. In 1889 he opened a restaurant, the biggest in Berlin, in the Leipziger Straße.
Since Berthold Kempinski and his wife Helena had no son, they invited their son-in-law Richard Unger (1866–1947) to join the business. Berthold Kempinski finally transferred the firm to his son-in-law on condition that he kept the name Kempinski. Berthold Kempinski died on March 14, 1910.
Alongside his wine and restaurant activities, Richard Unger developed his property business up to the start of World War I. After a short period of stagnation during the War, he sold products of his own manufacture under the brand name Kempinski. The business in Berlin flourished so that in 1918, a Kempinski hotel dependency was established at 27 Kurfürstendamm, where the Kempinski Hotel Bristol now stands. Ten years later, M. Kempinski & Co. took over the "Haus Vaterland" on the Potsdamer Platz, where the firm exploited a concept that was unique in Berlin for a long time and is still known as "event gastronomy" ("Erlebnisgastronomie").
To escape the events of World War II, Richard Unger and his family emigrated to the United States and the firm M. Kempinski & Co (Mister Kempinski & Co) became part of Aschinger AG.
The Restaurant at 27 Kurfürstendamm was destroyed by fire shortly before the end of the War, and the other properties fell victim to bombing raids. After the end of the conflict, Richard Unger's son and Berthold Kempinski's grandson, Friedrich Unger, returned to Germany. In 1951 construction started on a hotel on the site of the ruined restaurant at 27 Kurfürstendamm, and it opened a year later under the name Hotel Kempinski. For 20 years the modern, progressive five-star hotel enjoyed the undisputed status of the sole luxury hotel in Berlin.
In 1953 Friedrich Unger sold his shares and the name Kempinski to the "Hotelbetriebs-Aktiengesellschaft", which already ran hotels such as the Baltic, the Bristol and the Kaiserhof. The name Bristol was adopted and is still used at the Kempinski Hotel at 27 Kurfürstendamm. In subsequent years, the "Hotelbetriebs-Aktiengesellschaft" took over the management of several famous hotels. In 1957 it acquired the luxurious Hotel Atlantic in Hamburg.
In 1970 the General Assembly of the "Hotelbetriebs-Aktiengesellschaft" voted to change its name to "Kempinski Hotelbetriebs-Aktiengesellschaft". In the same year, a long-lasting partnership was established with Lufthansa in the form of a 50-per cent participation in the Hotel Vier Jahreszeiten in Munich, in which Lufthansa already had a holding. In 1977 the hotel company received its present name as "Kempinski Aktiengesellschaft (AG)". At the same time, the Kempinski Hotel Frankfurt Gravenbruch was added to the group's portfolio as its fourth German hotel.
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In 1985, Lufthansa acquired shares in Kempinski AG and thereby enabled the hotel company to operate Kempinski hotels abroad too. A year later, Kempinski AG, Lufthansa and the finance company Rolaco S.A. founded Kempinski Hotels S.A., with its head office in Geneva. In 1993 Kempinski AG acquired all the shares in Kempinski S.A.
The Bangkok-based Dusit Sindhorn Company Ltd took over Kempinski in November 1994, when it acquired a 52% stake. The 50:50 joint venture between Dusit Thani Group, and the Siam Commercial Bank eventually accumulated an 83% stake in the group, and Dusit Thani exited from the joint venture in 1998 when it sold out to its partner.
In February 2017, the two existing shareholders of Kempinski AG formalized previous plans for an equity transfer between them. The majority shares of Kempinski AG are held by the existing Bahraini shareholder, Khalifa bin Salman Al Khalifa while the shareholder from Thailand holds a minority. In the same month, Kempinski announced the opening of its first luxury hotel in Cuba.
In 2024, Kempinski acquired two hotels previously managed by Emaar, formerly known as Address Boulevard and Address Dubai Mall. These hotels are now known as Kempinski The Boulevard and Kempinski Central Avenue Dubai, doubling Kempinski's presence in Dubai to four.
From Wikipedia’s article on Kempinski, shared under CC BY-SA 4.0.4