CA Immo: Meininger hotel completed in Vienna (AT)

The opening of the Franz hotel on Rembrandtstrasse, part of the MEININGER chain, has been celebrated. The lease agreement for the 131-room hotel will run for 20 years.


MEININGER will lease the 131-room hotel for a period of 20 years.

The MEININGER hotel at Rembrandtstrasse 21 has been completed and handed over to the hotel group. According to Dr. Bruno Ettenauer, Chief Executive Officer of CA Immo, "This development project will fill a vacant site in a typical residential district of Vienna. We are delighted with the very fast completion of the property."

Construction work started in January and the hotel was handed over to the MEININGER Group on schedule in September; the first guests were accommodated early in October.

MEININGER will lease the 131-room hotel for a period of 20 years. The budget hotel chain provides comfortable, service-oriented accommodation for price-conscious travelers. With their latest offering in Vienna, they will hope to attract a younger clientele in particular.

The hotel in Vienna's second municipal district is centrally located between the expanse of the Augarten park and the Danube canal; the underground stations of Schottenring and Rossauer Lände are a short walk away and district one (with its wealth of entertainment, cultural and culinary options) is also within easy reach.

In May of this year, CA Immo finished constructing another hotel in Salzburg. The Salzburg City Center hotel at Fürbergstrasse 18-20 was also handed over to MEININGER. CA Immo invested around €16 million in the two properties.

Source: CA Immo

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