IMMOFINANZ Group signs long-term lease with Leonardo Hotels in Vienna (AT)

IMMOFINANZ Group has signed a lease agreement with the internationally renowned hotel chain Leonardo Hotels for its hotel on Matrosengasse in Vienna's 6th municipal district. Renovations are to start in January 2012.

IMMOFINANZ Group will invest around €6 million in the reconstruction, modification and refitting of the hotel and plans to open the first Leonardo Hotel in Austria by the middle of this year.

"We are very pleased to introduce Leonardo Hotels, an internationally renowned hotel chain, to Austria and to add a strong hotel brand to the Vienna hotel business. With this group of companies, we are setting new standards in the upper middle-class segment – both for business customers and city tourists," was the comment made by Manfred Wiltschnigg, Executive Board member of IMMOFINANZ Group, regarding the successful signing of the contract.

"Together we will establish a further highlight in this emerging neighborhood around the Vienna Westbahnhof that was recently opened."

The future Leonardo Hotel Vienna is located right on Europaplatz, only around 100 m from Mariahilfer Strasse, making it easily accessible both by private transport and local public transit. Once the reconstruction is completed, the hotel will feature 213 rooms and three meeting rooms. Plans include a spacious open lobby combining the bar, restaurant and lounge in an extensive entrance hall.

Source: IMMOFINANZ Group

Related News