5/30/2022 | Hotels

Forward deal in Vienna Twentytwo successfully completed, accompanied by Christie & Co

Vienna. The hotel real estate expert Christie & Co was commissioned by the project developers SIGNA Group and ARE Development to find a suitable buyer for the Bassena Hotel Wien Donaustadt, which is currently under construction in the "Vienna Twentytwo" neighborhood development. With Raiffeisen Immobilien KAG, a solid buyer was quickly found and the transaction was successfully concluded.

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The “Vienna Twentytwo” urban quarter, which is currently under construction as a joint venture project of the SIGNA Group and ARE Development, is located directly at the U1 station “Kagran”. In addition to office buildings, 220 serviced apartments and a residential tower with 600 units, a nearly 200-room Bassena Hotel, a brand of the Austrian Verkehrsbüro Group, will also open there in the future. Guest rooms will span 8 floors, while the first floor will include retail space. The 3-star hotel is scheduled for completion and opening in summer 2022.

Christie & Co was exclusively appointed to market the hotel portion of the development back in 2019 and is delighted that the sale has now been successfully completed. “The last few months show that interest in hotel real estate is currently increasing strongly again and that solid concepts and operators are attractive in the long term. We are therefore immensely pleased that we were able to accompany these transactions with top-class sellers and buyers,” comments Simon Kronberger, Director Austria & CEE at Christie & Co, who accompanied the sale with his team.