Corporate | 19 January 2017 12:16
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
19.01.2017 / 12:16
The issuer is solely responsible for the content of this announcement.
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* IMMOFINANZ expands Business Park Vienna to include a hotel
for the myhive Twin Towers
* Holiday Inn Vienna - South has 201 rooms across 22 stories
* Opening planned in early 2019
Hamburg/Vienna, 19 January 2017
Vienna's tourism sector remains on a success course: the number of
overnight stays recently topped 14 million, with 40 per cent of the guests
coming from foreign countries and a trend that is pointing upward. This
steadily growing hotel market has now been selected as the location for a
new project by the rapidly expanding NOVUM Hotel Group and the IMMOFINANZ
real estate corporation. In less than two years, a new hotel landmark will
open on the Wienerberg - the Holiday Inn Vienna - South with 201 rooms.
"This project will complement our hotel portfolio at the central railway
station and the Vienna Trade Fair by adding a further, excellent location
for our guests", explained David Etmenan, Chief Executive Officer & Owner
of the NOVUM Group.
The new hotel has been signed as a franchise agreement with
InterContinental Hotels Group (IHG), one of the world's leading hotel
companies. In 2016 NOVUM and IHG signed a Multiple Development Agreement
(MDA) to develop twenty hotels across Europe. This is the sixth development
to be signed under the MDA.
IHG has 662 hotels in Europe, including 283 Holiday Inn hotels. This will
be the company's sixth hotel in Austria.
One of the highlights of this new hotel and office high-rise will be the
panorama breakfast restaurant on the 22nd floor and an Open Lobby, an open
space at the centre of Holiday Inn hotels, which enable dwell time for
guests and an inviting environment in which they can work and enjoy leisure
time within the heart of the hotel. It will also feature a 90 sqm meeting
room.
"This new hotel by the NOVUM Group is the perfect addition to the expanded
offering for our tenants in the myhive Twin Towers and the Business Park
Vienna. We recently completed the modernisation of the shopping mall and
central entrance area in the Twin Towers and implemented our myhive office
concept, which stands for a friendly, inviting atmosphere. This location
will be further improved by the future connection of the Wienerberg to
Vienna's subway network", added Dietmar Reindl, COO of IMMOFINANZ.
The hotel project will involve the partial conversion of an existing office
building: the hotel lobby will be connected with the neighbouring shopping
center on the ground floor; the hotel rooms will be located on floors 8 to
21; and the other areas - in total six floors - will be equipped as modern
offices.
"Planning this project is a very interesting and important design task for
us. The Holiday Inn Vienna - South will create a new eye-catcher for the
high-rise silhouette of the Business Park Vienna. The building's current
form with its slanted facade areas and sections will be transformed into an
elegant, independent architecture", explained architect Egon Türmer from
HOLZBAUER & PARTNER.
"This hotel project will create a new outstanding landmark for the district
and the development of the surrounding area. The expansion of the hotel
portfolio at this location will strengthen the position of the Favoriten
district as an up-and-coming and attractive part of Austria's capital
city", indicated Josef Kaindl, Deputy District Head of Favoriten.
IMMOFINANZ, the owner of the myhive Twin Towers and the Business Park
Vienna, will serve as the project developer for the new complex. With
approx. 131,000 sqm of rentable space, this is one of the largest office
and commercial locations in Vienna. The Business Park Vienna is
characterised by an excellent work-life mix for modern and comfortable
working, leisure time activities and relaxation with a wide variety of
shops, gastronomy facilities and entertainment as well as temporary living.
The nearby Wienerberg recreational area offers lots of green and a 9-hole
golf course.
On IMMOFINANZ:
IMMOFINANZ is a commercial real estate group whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business covers the management and development of properties, whereby
the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent
strong focal points that stand for quality and service. The real estate
portfolio has a value of approx. EUR 5.2 billion and covers more than 350
properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading
ATX index) and Warsaw. Further information under: http://www.immofinanz.com
ABOUT THE NOVUM HOTEL GROUP
The family-managed Novum Hotel Group with currently 127 hotels and more
than 13,600 rooms at over 36 locations throughout Europe is one of the
largest hotel groups in Germany. Established in 1988 and continuously
expanding since 2004 under the management of David Etmenan, the Novum Hotel
Group proves to be extremely dynamic. The hotel portfolio includes three
and four star hotels, always centrally located, operating under the brand
names of Novum Hotels, Novum Select Hotels, Novum Style Hotels, and Novum
LikeApart Hotels. In addition, the NOVUM Hotel Group is also a franchisee
of the InterContinental Hotel Group, Best Western Hotels & Resorts and
Accorhotels. www.novumgroup.de
Press NOVUM Hotel Group:
Press department, Lange Reihe 2, 20099 Hamburg
presse@novumgroup.de * www.novumgroup.de
If you would like additional information or photos or would like to arrange
an interview, you can reach the NOVUM Group under +49 40/ 600 808 - 264
Press IMMOFINANZ:
Bettina Schragl
Wienerbergstraße 11, 1100 Vienna, Austria
T: +43 1 88090 - 2292
M: communications@immofinanz.com
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19.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2290
Fax: +43 (0) 1 88090 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Warschau, Wien (Amtlicher
Handel / Official Market)
End of News DGAP News Service