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.
