US EditionSds Group: Luxury Hotel Andaz Sold in the Benko Insolvency Procedure for 92 Million
7 Articles
7 Articles
The Hotel Andaz Vienna Am Belvedere has been sold around 92 million euros - to the WestInvest Gesellschaft für mutual funds mbH. The hotel, which has about 25,800 square meters and 300 rooms, rents the hotel again. MHP Hotel am Schweizergarten GmbH will take over the operation. "The challenge was not only to find a buyer for the property, but also to develop a viable solution for the ongoing hotel operation, said insolvency administrator Andrea …
In the course of René Benko's insolvency, the Andaz hotel was sold in Vienna. WestInvest acquired the hotel for around 92 million euros.
MHP Hotel AG has taken over the operation of Andaz Vienna on Belvedere under a new franchise agreement with Hyatt and will lead the hotel after a rebranding from April 2026 as part of the internationally established brand "Hyatt Regency".
The sale of the Hotel Andaz Vienna Am Belvedere in the context of the insolvency proceedings of Signa Development Selection (SDS) has been completed.
VIENNA. The sale of Hotel Andaz Vienna Am Belvedere in the context of the insolvency proceedings of Signa Development Selection (SDS) has been completed.
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