Uniqa Sells Hotel Investments

Businessn.a. ♦ Published: December 18, 2012; 14:23 ♦ (Vindobona)

The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).

Uniqa Sells Hotel Investments / Picture: © Uniqa

The contract was signed on 17 December 2012 and encompasses the sale of 11 hotel properties in Vienna, Baden, Prague and Brno, as well as the Austrian and Czech operating companies responsible for managing the hotels. The parties have agreed not to disclose the purchase price. Closing is scheduled for the first quarter of 2013.

As part of its Uniqa 2.0 strategy programme, the…