Sponsored Content
Park Hyatt Vienna: Spanish Deal Fails, “Super Deal” with New Bidders Ahead?
Negotiations regarding the sale of the five-star Park Hyatt am Hof hotel in Vienna have broken down for the time being. A deal with the Spanish company Medcap Real Estate, which was rumored in September, failed due to the reported purchase price of €330 to €335 million.
This magnificent property, located in the exclusive Golden Quarter, is considered one of the crown jewels among Signa's Austrian real estate holdings and regularly attracts celebrities. / Picture: © Wikimedia Commons / Thomas Ledl / CC BY-SA 3.0 AT (https://creativecommons.org/licenses/by-sa/3.0/at/deed.en)
Despite the failed first attempt to sell, the deal could now become more attractive and easier to complete. According to information from “Die Presse,” the hotel's operating company, Am Hof 2 Hotelbetriebs GmbH, has been taken over by the insolvent…
or Log In
Fast News Search