Deka Immobilien has acquired the five-star hotel Andaz Vienna Am Belvedere in Vienna for around EUR 92 million. A joint venture between two subsidiaries of Hyatt Hotels Corporation and Signa Development Selection AG has sold the property. The property in the Austrian capital is to be included in the portfolio of the open-ended real estate fund WestInvest InterSelect.
Completed in 2019, this 5-star hotel is spread over 16 floors and comprises 303 spacious rooms, including 44 suites. In addition, guests can benefit from four gastronomy zones, spacious conference areas and a fitness and wellness area. The property includes 233 parking spaces in the underground car park, 62 of which are reserved for the hotel. The hotel is leased on a long-term and full basis to MHP Hotel am Schweizergarten GmbH, a company of MHP Hotel AG. Until now, the property has been managed under the Andaz brand by Hyatt. As of April 2026, the hotel will operate under the Hyatt Regency brand, a globally recognized, leading hotel brand with more than 200 hotels in over 40 countries worldwide.
The property is located at Arsenalstraße 10 in the middle of the Belvedere Quartier between Vienna’s main train station and Belvedere Palace. Developed between 2012 and 2019, the quarter is now an important cultural and economic centre of Vienna with museums, galleries and corporate headquarters. The property is certified with the Leadership in Energy and Environmental Design (LEED) standard Gold.
With this first hotel investment in Vienna, the fund management of WestInvest InterSelect secures a high-quality property in a very good location that promises a stable cash flow in the long term.
