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Thread: IC Berchtesgaden Master Thread [now a Kempinski]
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Old Oct 23, 2014 | 6:52 am
  #391  
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Originally Posted by B42
Latest news is that the transfer will be in the middle of April.
I don't understand that IC let this happen.
Probably behause the owner was no longer willing to swollow the losses IHG management produced for 10 years for another contractual period.

http://www.augsburger-allgemeine.de/...id5703766.html

IHG had a management contract only leaving all commercial risks with the owner. I wonder what kempinsiki signed for.
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