Case Study: Vienna Marriott
Christie & Co was instructed to sell the freehold of the first Marriott hotel in the DACH region, including office and retail space, in Vienna, Austria.
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Business Name: Marriott Hotel
Location: Vienna, Austria
Intro & Challenge:
The first Marriott hotel in the German-speaking DACH-region, Christie & Co were exclusively instructed to advise on and broker the sale of the freehold investment of the site.
Our work:
The iconic hotel property has been purchased by an international investor consortium from it’s previous owner CPI Europe with Christie & Co the sole brokerage advisor to the previous owner throughout the process. The complexity of condominium ownership and non-hotel related uses, such as office and retail, required some extra convincing during negotiations. As a result of the extensive relationships Christie & Co has throughout Europe, strong interest in the opportunity was generated throughout the sales process.
Results:
This represents one of the most significant hotel transactions in Central and Northern Europe in recent years and clearly shows the attractiveness and demand in the Austrian market.