Vienna Marriott Hotel: perfect sale for over 100 million euros!

Vienna Marriott Hotel: perfect sale for over 100 million euros!

The real estate company s Immo today announced the sale of the renowned Marriott Hotel on Vienna's Ringstrasse. The sales price for the hotel is over 100 million euros. This significant transaction underlines the ongoing changes in Vienna's real estate market and the city's continued attractiveness for investors. A spokeswoman for the parent company CPI Europe confirmed the sale to the APA. The exact identity of the buyers initially remained unnamed.

According to reports, however, the buyers are said to be the private equity fund Landfair from Luxembourg and the investment company Evientro from Cyprus. This information comes from the standard, which offers insights into the background of the transaction. The sale of the Marriott Hotel could be seen as a strategic step by s Immo to concentrate on the further development of its portfolio.

Transaction details

The Marriott Hotel has a central location in Vienna and is a popular accommodation for tourists and business travelers. The high selling price reflects not only the location, but also the condition and brand of the hotel. The sale comes at a time when many investors are showing international interest in the European hotel industry.

Further details about the buyers and their plans for the property are not yet known. However, the future management and strategic direction of the hotel could be crucial for the continued existence of the brand and the economic situation of the real estate group. Informed in a supplementary message Art Invest Real Estate about trends in the real estate market, which also place the sale in the context of the current market environment.