Hilton Vienna Stadtpark Sold to South Korean Securities Consortium for €333 Mio

Lifestyle & TravelTravel ♦ Published: July 19, 2019; 10:28 ♦ (Vindobona)

The Hilton Hotel near Vienna's Stadtpark is said to have been sold for €333 million ($375 million) to a Korean securities consortium - Hana Financial Investment Co., NH Investment & Securities Co., and Meritz Securities Co. The consortium is planning a modernization for €66 million ( $75 million).

Hilton Vienna Stadtpark sold for €333m ($375m). / Picture: © INVESTER United Benefits / STEFAN BADEGRUBER

According to Pulse by Maeil Business News Korea, "the Korean brokerage consortium will invest $170 million and have the remainder financed through local financial institutions for the $375 million acquisition. The seller of Hilton Vienna is reported as an Austrian real estate investment company whose name was not disclosed.

The buyers plan to make the investment through a fund…