Kempinski Hotels has bought Augustine Hotel, Prague, its first hotel in 50 years, as it makes an “asset-heavy” approach to its portfolio.
Augustine Hotel, Prague is the first acquisition by the luxury hotel group since Hotel Vier Jahreszeiten Kempinski Munich in 1970.
It will operate as a white-label luxury hotel until late 2026, when it will be refurbished and renamed Kempinski in late 2026.
Located in historic Malá Strana (Lesser Town) beneath Prague Castle, Augustine Hotel, Prague is set within the walls of the Augustinian Monastery of St. Thomas, a historical site dating back more than 800 years, which remains a living, working community of Augustinian monks.
Kempinski Group CEO Barbara Muckermann says the acquisition reflects Kempinski’s “broader strategic recalibration towards direct investment and ownership of landmark properties to control the guest experience from beginning to end”.
“Opportunities to acquire hotels like Augustine Hotel, Prague are exceptionally rare. This investment offered a unique and compelling opportunity to secure a heritage asset in a top-tier European luxury destination while also creating a grand showcase for ‘The Good Life’ as the future of our ultra-luxury brand.”
She says the brand’s strength lies in its collection of highly individual properties, “many of which are historic, architectural landmarks and are deeply resonant of the destinations’ culture and community”.
“As a storied hotel that is recognised for its deep history, cultural significance and architectural heritage, Augustine Hotel, Prague is not only an ideal addition to Kempinski’s heritage-led, global portfolio, it is set to become the first truly physical and experiential representation of the Kempinski of the future.
“We look forward to welcoming this iconic hotel as a flag bearer for the brand’s continued leadership in luxury hospitality.”
Kempinski Group Chief Product and Experience Officer Rasha Lababidi says Augustine Hotel, Prague marks a defining moment in its next chapter.
“It is an exciting opportunity to reimagine a true historic icon in a way that’s relevant to modern-day travellers.
“As part of a carefully curated portfolio of storied hotels and hyper-local immersions, Augustine Hotel, Prague will serve as an expression of our future blueprint – across design, food and beverage, wellness, and guest experiences on and off the property.
“With direct ownership, we can shape that vision with precision, translating our brand seamlessly across every touchpoint of the guest journey.”
For more information, visit Kempinski.
