News

VIY Greater Europe Hospitality Fund sold its stake in Radisson Blu Park Royal Palace Hotel in Vienna

26.08.2019 Real Estate

VIY Greater Europe Hospitality Fund SICAV-SIF has today closed the sale of its stake in Radisson Blu Park Royal Palace Hotel in Vienna to the newly founded Luxembourg hotel fund ECHO Fund SCSp ("ECHO").

Gloriette's Residences has completed the sale of all apartments

01.12.2018 Real Estate

VIYM is pleased to announce Gloriette's Residences' project implementation. In November 2018 the remaining five apartments in the prestigious Gloriette's Residences complex in Vienna were sold. Thus, the project of the renovation and further sale of apartments on 5th and 6th floors of Radisson Blu Park Royal Palace Hotel has been successfully completed

Gloriette’s Residences continue apartment sales

30.08.2018 Real Estate

VIYM is happy to announce that one more apartment (154,4m2) located on the 6th floor of the prestigious Gloriette’s Residences complex in Vienna was sold in August.

Gloriette’s Residences is a complex of apartments on the top floors of Radisson Blu Park Royal Palace Hotel Vienna managed by the European hotel operator Austria Trend Hotels.

Gloriette’s Residences continue apartment sales

15.06.2018 Real Estate

VIYM is happy to announce that one more apartment (174,4m2) located on the 5th floor of the prestigious Gloriette’s Residences complex in Vienna was sold in June.

Gloriette’s Residences continue apartment sales

23.04.2018 Real Estate

VIYM is happy to announce that one more apartment (174,4m2) located on the 6th floor of the prestigious Gloriette’s Residences complex in Vienna was sold in April.

Gloriette’s Residences continue apartment sales

01.03.2018 Real Estate

VIYM is happy to announce that one more apartment (137m2) located on the 6th floor of the prestigious Gloriette’s Residences complex in Vienna was sold in February.

Gloriette’s Residences is a complex of apartments on the top floors of Radisson Blu Park Royal Palace Hotel Vienna managed by the European hotel operator Austria Trend Hotels.

Austria Trend Hotels extend franchise cooperation with Radisson Blu

10.01.2018 Real Estate

The Austria Trend Hotels, Austria’s largest hotel group, is entering into a franchise partnership with Radisson Blu, Europe’s largest upper-upscale hotel brand, for another one of its top hotels. VIYM, a private equity firm with extensive expertise in the hospitality industry, assisted Austria Trend on the deal.

Currently operating under the name of Austria Trend Hotel Park Royal Palace Vienna, the well-known superior 4-star hotel close to Schönbrunn Palace and Vienna’s Technical Museum will become a Radisson Blu franchise from January 2018. The Austria Trend Hotels have already had a successful cooperation with the Radisson Blu Hotel Altstadt in Salzburg since 2001.

Gloriette’s Residences make first apartment sales

30.11.2016 Real Estate

Show Apartment Launched at Park Royal Palace Hotel Vienna

28.02.2014 Real Estate

Market news: DESTINATION VIENNA - Arrivals and bednights in all types of accommodation

12.06.2013 Real Estate

The Vienna Tourism Board informed, that the destination of Vienna achieved an increase of bednights of +10.4% in May (in total: 1 239 000 bednights). This is once more the best result in the history of the Viennese tourism market. The countries which showed the most considerable increase of tourist inflow to the destination of Vienna last month: Russia (+25,4%), Germany (+17,3%), Austria (+10,5%) and Great Britain (+11,8%). Russia currently has 7% of the total Viennese market and ranks third in terms of tourist flow after Germany and Austria.

Unique concept for new apartment development

11.06.2013 Real Estate

The architecture firm A2Zen Consulting, which was hired to design an apartment concept for the four-star mixed-use hotel complex of Austria Trend Hotel Park Royal Palace Vienna has released its version of apartment concept design of two- and three-bedroom apartments.

Market news: DESTINATION VIENNA - Arrivals and bednights in all types of accommodation

10.04.2013 Real Estate

The Vienna Tourism Board informed, that the destination of Vienna achieved in February an increase of bednights of +5,6% in total 623.790. The strongest increase of demand was from Great Britain (+19,1%), Japan (+18,7%), Spain (+17,7%), USA (+14,1%) and Russia (+11%). Although Vienna offers +1.790 new beds (in comparison to February 2012), which is +3,4% of capacity, the increase of bednights was + 5,6% The room occupancy in February was 46% which is a new all-time high.

Market news: DESTINATION VIENNA - Arrivals and bednights in all types of accommodation

10.01.2013 Real Estate

The Vienna Tourism Board informed, that the destination of Vienna achieved in December 2012 an increase of bed nights by 7,9% (1.1m). Actually, 2012 was the most successful year of tourism demand in Vienna. The annual bed nights increased by 7,5% and amounted to 12,3m. It is important to note, although many new hotel projects are coming up, the demand in Vienna hospitality market increases faster than the new hotel capacities.  This is the main specific point of this market that proves its short-term growth potential.