• The Company's Board of Directors has reinforced its commitment to transparency and exemplary corporate governance, adding Ms. Koro Usarraga Unsain as independent director and Mr. Alfredo Fernández Agras as proprietary director at the proposal of funds with shares in NH Hotel Group, S.A. that are managed by Oceanwood, an internationally renowned institutional investor


The Board of Directors of NH Hotel Group agreed unanimously today to appoint two new directors to fill existing vacancies.

In this manner, the Company is stepping up its pledge of transparency and exemplary corporate governance. The new structure facilitates more proportionate representation for all stakeholders by means of the addition of an internationally renowned institutional investor and one new independent director.

Funds with shares in NH Hotel Group, S.A. managed by Oceanwood Capital Management LLP will accordingly gain one representative on the Group's board, membership of which will be brought back up to 13 with the appointment of Koro Usarraga Unsain as independent director.

The resolution regarding the composition of the Company's highest governing body was passed unanimously. These appointments will be put before the Company's shareholders for ratification at the upcoming Annual General Meeting scheduled for 29 June.


About NH Hotel Group
NH Hotel Group (www.nh-hotels.com) is Europe's third-ranked business hotel chain. It operates close to 400 hotels with almost 60,000 rooms in 29 markets across Europe, the Americas and Africa, including top city destinations such as Amsterdam, Barcelona, Berlin, Bogota, Brussels, Buenos Aires, Düsseldorf, Frankfurt, London, Madrid, Mexico City, Milan, Munich, New York, Rome and Vienna.

distributed by