KEY FACTS 1ST QUARTER 2015: BEST EMPLOYER'S AWARD FOR MOTEL ONE. Best Employer's Award for Motel One PAGE 1

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1 KEY FACTS 1ST QUARTER 2015: Best Employer's Award for Motel One PAGE 1 Motel One hotels opened in London, Prague and Magdeburg PAGE 2 Sale of first generation hotels PAGE 3 Revenue rises by 26% to EUR 64 million (PY: EUR 50 million) PAGE 4 EBITDA rises to EUR 16 million (PY: EUR 14 million) PAGE 4 Equity rises above EUR 300 million (PY: EUR 232 million) PAGE 6 BEST EMPLOYER'S AWARD FOR MOTEL ONE Which workplace in Germany has the happiest employees? This question was investigated for the third time by the news magazine FOCUS in collaboration with the business network Xing and the workplace rating portal Kununu. Representing 22 industries, 70,000 employees took part in this biggest German survey of its kind, coming from all hierarchy levels and age groups. The questions covered development opportunities, salaries, the working environment and working hours. Motel One came first in the SME category "Catering, Accommodation, Entertainment, Fitness and Tourism". "We see this award as confirmation that we've succeeded in creating a positive environment for our employees. It's yet another incentive for us to keep investing in initial training and CPD," says Daniel Müller, Chief Operations Officer at Motel One.

2 MOTEL ONE HAS OPENED IN LONDON, PRAGUE AND MAGDEBURG The opening of the London hotel was a special date in the ongoing expansion of this budget design hotel chain. Situated centrally and close to two famous tourist sites Tower Bridge and the Tower of London Motel One London-Tower Hill has entered the biggest and most important hotel market in Europe. Motel One had an amazing début in the capital of the UK with 15 floors and 291 rooms, many with a spectacular view. The Motel One is in the City of London, between two tube stations, Aldgate and Tower Hill, and also conveniently within walking distance of numerous tourist sites. With its first hotel in London, Motel One London-Tower Hill, the chain has set a major signal in London's budget segment, focusing on design, quality and attractive prices. The "Golden City" goes turquoise. After Belgium, Germany, the UK and Austria, Motel One celebrated its first opening in the Czech Republic. Prague itself is one of the most popular destinations for city breaks in Europe. Motel One Prague has 141 rooms and is a listed building which dates back to the early 20th century. It can be found in the heart of the city's First District and is conveniently within walking distance of the Square of the Republic, the central station and Charles Bridge. Situated in a beautifully renovated 18th-century building, directly on Domplatz (Cathedral Square), next to the State Diet of Saxony-Anhalt, Motel One Magdeburg opened its gates with 150 rooms. The listed building is supplemented by a contemporary building, facing the river Elbe and forming a good combination of history and the present. With its central location in the Old Town, this Motel One offers "great design for little money". It is an ideal starting point for anyone wanting to explore Magdeburg Cathedral or walk along the river Elbe.

3 SALE OF FIRST GENERATION HOTELS Motel One recently sold nine hotels, some on 31 January and others on 28 February Eight of them had been owned and one under a lease, totalling 739 rooms in all. They were in Offenbach, Ratingen, Du sseldorf-city, Schweinfurt, Hannover, Kassel, Berlin-Dreilinden, Köln-West and Mu nchen- Putzbrunn. The buyer was the French property investment firm Foncière des Régions, and the hotels will be operated under the Première Classe brand, together with the Louvre Hotels Group. These nine small hotels, which are situated in more peripheral locations, were the beginning of Motel One's success story, starting with Offenbach in Since then, however, the Motel One brand has continued to evolve. Having acquired numerous large buildings in central locations, with spacious lounges and bars, Motel One now has a very clear profile as a budget design hotel chain and a good position on the market. "The decision wasn't at all easy for us, particularly with a view to our employees. However, we are confident that the clear position of the Motel One brand is an important success factor for us to survive in an increasingly competitive environment," says Dieter Mu ller, founder and CEO of the Motel One Group. Accompanying this sale of first generation hotels, Foncière des Régions represented by its subsidiary Foncière des Murs also invested in various Motel One properties. Operating under a sale-andleaseback model, the French property investors bought Motel One Berlin-Mitte and Motel One Frankfurt-Airport. This involved the conclusion of long-term leases for both hotels. The total transaction volume was approx. EUR 74 million for 94% of shares in the property companies.

4 INCOME STATEMENT The total number of hotels has remained at the same level as last year, with 48 in operation on 31 March The sale of the nine first generation hotels was offset by new openings. However, as the new hotels are bigger, the overall capacity has risen by 16%, reaching 12,664 rooms (PY: 10,911). Yet as each of the new hotels needed a start-up phase, occupancy remained slightly below the previous year's figure, at 66% (compared with 67%). Nevertheless, sales per rented room rose by 8.8%, reaching EUR 85 (PY: EUR 79). Total sales rose by 26% to EUR 64 million (PY: EUR 50 million). The EBITDA improved to EUR 16 million (PY: EUR 14 million). The EBIT after amortisation rose to EUR 10 million (PY: EUR 9 million). The operating profit after interest was EUR 8.3 million and thus 11% higher than in the previous year (EUR 7.5 million). The book profit gained from the property transaction with Foncière des Régions was EUR 37 million. Earnings before taxes (EBT) rose to EUR 45 million (PY: EUR 7 million), and earnings after taxes were EUR 34 million (PY: EUR 5 million). The return on sales at the level of the EBITDAR margin had improved by 0.5 percentage points, reaching 44.4% (PY: 43.9%). As the proportion of leases was higher than in the previous year, at 81% (PY: 70%) of the total capacity (see structure on page 6), lease payments also rose analogously by 4 percentage points in relation to sales, reaching 19.7% (PY: 15.7%). This was partly offset by lower interest payments and a lower level of amortisation. In all, however, when we look at the actual operating profit, the return on sales during the first quarter of 2015 remained at 13.0% (PY: 14.9%) and thus 1.9 percentage points below the previous year.

5 CASH FLOW STATEMENT Cash flow from operating activities increased to EUR 36 million in the first quarter of 2015 (PY: EUR 5 million). The cash flow from investment activities, EUR 24 million (PY: -EUR 26 million), was greatly impacted by the substantial reduction in book value caused by disposed investments, which had resulted from the property transaction with Foncière des Régions. These investments amounted to EUR 13 million (PY: EUR 26 million), and the change in book value added another EUR 37 million to the book profit. Financing activities, too, were impacted by the transaction, at -EUR 14 million (PY: EUR 2 million). To pay for ongoing construction projects, new loans were taken, totalling EUR 8 million (PY: EUR 4 million), while EUR 22 million (PY: EUR 1 million) was repaid early. The total cash flow during the first quarter of 2015 was EUR 46 million (PY: -EUR 18 million). Liquid funds rose by 55% to a new record level of EUR 134 million (PY: EUR 86 million). BALANCE SHEET Fixed assets rose by 9% to EUR 399 million (PY: EUR 367 million). Equity increased to EUR 312 million (PY: EUR 232 million), thus amounting to a self-financing ratio of 78% (PY: 63%). Net working capital went up 64% to EUR 52 million (PY: EUR 32 million). Net debts were reduced to EUR 35 million (PY: EUR 103 million) by high cash holdings and the unscheduled repayment of bank loans. The net gearing decreased to 9% (PY: 28%). The ratio between net debt and EBITDA on 31 March 2015 amounted to a notional debt repayment period of 0.4 years (PY: 1.4 years).

6 HOTELS IN OPERATION AND DEVELOPMENT The number of hotels operating as at 31 March 2015 was 48 with 12,664 rooms (PY: 10,911 rooms). The number of hotels remained unchanged compared with the previous year, while their capacity increased by 1,753 rooms. Nine new hotels were opened, with 2,492 rooms. This was accompanied by the sale of nine first generation hotels (739 rooms), of which eight had been owned, and one had been under a lease. However, there were also further changes in the ownership structure through four sale-and-leaseback transactions, involving 823 rooms. The number of leases thus rose to 81% of the total capacity (PY 70%). In all, 11 hotels are currently under ownership, with 2,451 rooms (PY: 3,310 rooms). Outside Germany Motel One is currently operating 10 hotels with 2,761 rooms (PY: 1,300 rooms). This is 22% of the total capacity. The development pipeline comprises 20 hotels with 6,531 rooms (PY: 23 hotels with 6,851 rooms). When including both sales and the secured pipeline, Motel One has contractual security for growing to 68 hotels (PY: 71) with 19,195 rooms (PY: 17,762). Its own property portfolio has thus grown back to 19 hotels with 4,436 rooms (PY: 27 hotels with 5,255 rooms). Motel One's international capacities have risen to 31%, i.e. 5,994 rooms (PY: 5,489 rooms).

7 MARKET As a travel destination, Germany displayed above-average 4% growth in 2014 a figure which was higher than for other European destinations. Based on the latest figures of the World Travel Monitor, Germany came second again, with 49.7 million trips from other European countries, after Spain (55 million) and before France (38.2 million). At approx. 75%, Europe continues to be the feeder market, as it continues to contribute the biggest share to Germany's incoming tourism. This positive trend continued in the first quarter of 2015 and was reflected in the hotels' performance. The hotels which report to STR Global recorded a 7.2% increase in RevPAR (revenue per available room) for Germany, 5.9% for Austria and 6.8% for the UK. Moreover, good growth rates were being reported for the top destinations that are of relevance to Motel One. The RevPAR for Berlin rose by 5.2%, Brussels 2.3%, Edinburgh 2.2%, Frankfurt 1.6%, Hamburg 6.9%, London 1.9%, Munich 15.5%, Prague 11.4% and Vienna 1.4% (source: STR GLOBAL). OUTLOOK Following the openings in London, Prague and Magdeburg, three further attractive international destinations are now due to be opened in 2015: Motel One Wien- Hauptbahnhof, Amsterdam-RAI and Manchester-Piccadilly. The Annual Meeting on 24 April 2015 was attended by 350 Motel One executives and included the opening of the Motel One Campus with the One University in collaboration with the International University of Applied Sciences Bad Honnef (IUBH). Where market performance is concerned, we are working on the assumption that, as in the past, demand will be fuelled by the megatrends of globalisation and urbanisation. Risks that may have a negative impact on travelling continue to be the conflict in Ukraine and the potential threat of terrorist attacks by IS. Munich, May 2015