IMMOFINANZ Group announces the closing of the sale of the Hilton Vienna Danube for €48.4m to a subsidiary of Internos Real Investors Kapitalanlagegesellschaft, Frankfurt am Main. This transaction, which continues the company‘s exit from the non-core hotel business, took place above the carrying amount of the property. The parties have agreed not to disclose any further details on the transaction.
The Hilton Vienna Danube was opened in 2003 and has 367 rooms, including 24 suites. The lease with the Hilton Group, which operates this four-star hotel, was extended for 20 years in 2011. The hotel stands out – as the only one of its kind in Vienna – with a location direct on the Danube. The building was completely renovated in 2010 and 2011.
IMMOFINANZ Group’s hotel segment now only includes one object: the Leonardo Vienna. This property is also on the market following the completion of renovation.
