Unanimous Agreement on the joint Chairmanship op NH Hotel Group

• The Board of Directors of NH resolves swiftly and unanimously to appoint two non-executive Joint Chairmen: Charles Bromwell Mobus, -currently non-executive director representing HNA- and José Antonio Castro Sousa, non-executive director representing GIHSA
• Alfredo Fernández Agras, non-executive director representing Oceanwood has been named as the Company's non-executive Vice-Chairman
• The Company has reiterated its upbeat outlook for 2015 and 2016 as well as its commitment to the continued implementation of the Group's current strategic plan and the vision it is articulated around
• NH will call an Extraordinary General Meeting in order to ask its shareholders to approve the necessary changes to the Company's bylaws and other internal rules and regulations. 

MADRID - The Board of Directors of NH Hotel Group has appointed Charles Bromwell Mobus (non-executive director representing HNA) and José Antonio Castro Sousa (non-executive director representing GIHSA) as the Joint Chairmen (non-executive) of the Company's highest governance body. The decision, taken the day after the departure of the outgoing Chairman was announced, was reached unanimously and with the support of all of its directors.
The Board also appointed Alfredo Fernández Agras (currently the non-executive director representing Oceanwood) as the Company's new Vice-Chairman.

During this same meeting, the Company's directors expressed their utmost commitment to the Group's current vision and the various initiatives being implemented under the scope of its five-year business plan.
Management also took advantage of the developments to reiterate their upbeat outlook for 2015, specifically guidance for EBITDA growth in the order of 25% and RevPAR growth of around 9%. They also underscored the bright prospects for 2016, alluding to the possibility of sooner-than-anticipated delivery of the business plan targets.

Federico González Tejera, CEO of NH Hotel Group, stressed the fact that “it is very good news that an agreement has been reached quickly by the shareholders as this allows the entire organisation to focus on continued execution of the current business plan. The Board is fully aligned with the plan and the prospects are encouraging”.

The Company has resolved to call an Extraordinary General Meeting as soon as possible in order to ask its shareholders to approve the necessary changes to the Company's bylaws and other internal rules and regulations.
The Board also unanimously expressed its desire to fill the existing vacancy on the Board as soon as possible. In the event that this appointment cannot be submitted for approval in time for the imminent Extraordinary General Meeting it will be placed on the agenda of the next Annual General Meeting.
Lastly, the Board of Directors wanted to thank Rodrigo Echenique for his work as Chairman, noting that he had demonstrated a firm commitment to upholding the interests of the Group and its shareholders during the almost three years for which he held the post.