Upstalsboom hotel residence & SPA Kuhlungsborn Emden / Kuhlungsborn 252 days after the start of the construction floated last Friday the Richtkrone on the Upstalsboom hotel residence & SPA Kuhlungsborn. The Minister of economy, labour and tourism of the State of Mecklenburg-Vorpommern, Jurgen Seidel (CDU) called an outstanding investment”the four star superior Hotel. Through the commitment of Bauwo real estate AG as an investor and the Upstalsboom group as the operator will well out built-up tourist offer with 2749 existing hotels and resorts in the country with one of the last beads with direct views of the Baltic Sea”quality first-class enriched, the Minister said in his speech before about 200 guests. There would be hardly even such new objects in prime location with uninterrupted views of the sea. For Upstalsboom group Kuhlungsborn become with existing 220 managed apartments to the most important site in the portfolio”, said Bodo Janssen, CEO of Upstalsboom Hotel + Leisure GmbH & co.

KG based in Emden. Intensive the company preparing the planned opening on April 16, 2011 hotel with 170 elegant rooms and suites. The new hotel manager Thomas Peruzzo accompany the building for two months on the ground and started with the recruitment of the required approximately 120 employees. Upstalsboom, the tourist market leader on the North and Baltic seas, will operate the hotel for the investor. The investment volume for the five-storey building is approximately 38 million euros according to the Bauwo real estate AG.

The Bauwo-Managing Director Michael Bobber said given the harsh winter of an amazing performance of the companies involved in the building and staff, make the topping-out ceremony already in may possible have: succeeded to catch up over the winter-related construction delay of about two months. So we are back on schedule.” For the Kuhlungsborner Mayor Rainer Karl the Upstalsboom hotel residence & SPA is an important step, the quality of the tourist offer in the Baltic seaside resort to increase and to open up a new potential for guest. This was necessary for throughout Mecklenburg-Western Pomerania, in order to compete in the long run in the competition at a high level, even Minister Salim stressed. Picture: (from left): Bauwo Managing Director Michael Bobber, hotel Director Thomas Peruzzo, Upstalsboom – Managing Director Bodo Janssen, agricultural Minister Jurgen Seidel and the Kuhlungsborner Mayor Rainer Karl raising of the Richtkranzes. About Upstalsboom the Upstalsboom Hotel + Leisure GmbH & co. KG (Emden) is currently around 50 hotels and self catering accommodation in the three-to five-star segment market leader on the North and Baltic seas. The Group has around 600 employees and generated a turnover of EUR 25 million in 2009. Bodo and Insa Janssen run the company founded by their parents, Gretchen and the late 2007 Werner H. Janssen since 2005. In addition to operating its own objects, Upstalsboom offers a comprehensive service for owners of holiday homes and hotels. In addition, the Group of companies enables for investors and investors in the planning and implementation of new holiday projects a complete service.