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Andaz Vienna Am Belvedere Sold for €92 Million, to Rebrand as Hyatt Regency
The sale of the Andaz Vienna Am Belvedere hotel, as part of the insolvency proceedings of Signa Development Selection (SDS), has been completed for €92 million. The transaction marks a significant step in the restructuring of the Signa Group’s assets.
Transaction Details and New Ownership
Insolvency administrator Andrea fruhstorfer announced the sale on February 2, 2026.the hotel complex spans approximately 25,800 square meters and features around 300 rooms. Fruhstorfer stated, “The challenge was not only to find a buyer for the property but also to develop a viable solution for the ongoing hotel operations.”
WestInvest Gesellschaft für Investmentfonds mbH, a subsidiary of DekaBank, has acquired the property. The hotel’s operation will continue through a partnership between Hyatt Group, the current operator, and MHP Hotel AG.
Hyatt Regency Brand Transition
MHP hotel am Schweizergarten gmbh, a part of MHP Hotel AG, will lease the hotel long-term and operate it as a franchise partner of Hyatt.The hotel will be rebranded as a Hyatt Regency property starting in April. This transition signifies a shift in positioning, moving from the Andaz lifestyle brand to the Hyatt Regency brand, which caters to business travelers and events.
Continued Operations and Employment
MHP Hotel AG has confirmed that the hotel will remain fully operational during the management and brand transition. All existing employees will be offered continued employment with MHP Hotel AG as part of a
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