Kempinski Group announces the acquisition of Augustine Hotel Prague

Kempinski Hotels, Europe’s oldest luxury hospitality group, announces the acquisition of Augustine Hotel, Prague, one of the city’s most historic and prestigious addresses.

Strategic Milestone
- First acquisition in over 50 years (since Hotel Vier Jahreszeiten Kempinski Munich in 1970).
- Marks a shift to an asset-heavier strategy, giving Kempinski direct ownership of landmark properties.
- CEO Barbara Muckermann emphasized this as a showcase for “The Good Life” vision of ultra-luxury hospitality.

About Augustine Hotel, Prague
- Located in Malá Strana, beneath Prague Castle, within the historic Augustinian Monastery of St. Thomas (dating back 800+ years).
- Features 101 rooms, including 20 suites with vaulted ceilings and wooden beams.
- Distinctive amenities:
- The Refectory Bar (former monastery dining hall)
- Spa & fitness centre
- Monastic Library with centuries-old theological and scientific texts
- 400 sqm of meeting space and 650 sqm of outdoor terraces/gardens.
- Long recognized for attracting heads of state, cultural figures, and global business leaders.

Strategic Context
- Prague ranks among Europe’s top five most visited capitals, with strong demand for luxury hospitality.
- The acquisition allows Kempinski to curate guest experiences end-to-end, blending heritage with modern luxury.
- Hotel will operate as a white-label property until late 2026, followed by refurbishment and reflagging under Kempinski branding.

Leadership Vision
- Barbara Muckermann: Kempinski’s strength lies in individual, heritage-rich properties rather than uniformity.
- Rasha Lababidi (Chief Product & Experience Officer): Augustine will serve as a blueprint for Kempinski’s future, integrating design, F&B, wellness, and cultural immersion.

Big Picture:
This acquisition signals Kempinski’s renewed ambition in owning iconic assets, positioning Augustine Hotel Prague as both a cultural landmark and a flagship for the brand’s next chapter in luxury hospitality.