The entire equity stake of Vienna House hotels has been acquired by Vienna House Capital, an Austrian subsidiary of Thailand's U City PCL (U City), a commercial property company. The sale is expected to be completed by this summer.
Concurrently, Vienna House Capital signed the purchase agreement for seven European hotel properties. The company currently operates 32 hotels in eight countries.
The new hotels which are located in the Czech Republic, Poland and Romania are already under management by Vienna House. With the closing, these hotels will be incorporated into the Vienna House Group brand.