Sale of Park Hyatt Vienna: Luxury hotel with potential for investors!

Sale of Park Hyatt Vienna: Luxury hotel with potential for investors!

In the heart of Vienna, the luxurious Park Hyatt Hotel is offered for sale because the bankruptcy manager of Signa Prime Selection AG, Norbert Abel, started the recycling process. The value of the impressive building, which once housed a historic banking house, is estimated at around 350 million euros. As vienna.at , EHL Consulting, BNP Paribas and Eastdil Secured was commissioned with the sales process. The negotiations are aimed at non-institutional investors who consider the property as a long-term value, while BNP Paribas and Eastdil focus on international customers, especially in the Middle East.

The Park Hyatt was extensively renovated by Signa between 2009 and 2014 and currently offers 146 rooms and around 3,100 square meters of retail space. In this exclusive area, well -known luxury brands such as Prada and Brunello Cucinelli are represented, with retail the retail trade currently constitutes around 55 percent of the income. In the medium term, both hotel and business operations should contribute evenly to the earnings situation, such as puls24.at . The sales process should be completed by the middle of the year, which arouses great interest from potential buyers.

The Park Hyatt is not only an important element of the Signa portfolio, but part of a larger plan in which other prestigious properties are also managed. This also includes the planned luxury department store Lamarr, which is currently being converted. The Park Hyatt could thus be a gem for investors who want to invest in the flourishing Austrian real estate landscape.