Meliá Hotels International will make its debut in Austria's tallest skyscraper. Qatar for sale | Apartments for sale
The Meliá Vienna will occupy 17 of the 58 floors in the 722-foot-tall DC Tower I, according to a company release.
The DC Tower opened last year, and the new hotel will open this month. The 663-foot-tall Millennium Tower is the second-tallest skyscraper in both Vienna and Austria, behind the 492-foot-tall Hochhaus Neue Donau and the 453-foot-tall Vienna Twin Towers, according to the Council on Tall Buildings and Urban Habitat.
The DC Tower was designed by French architect Dominique Perrault and provides 360-degree views of the Danubio River and downtown.
The presidential suite, which will have its own private elevator, will be among the Meliá Vienna's 253 hotel suites, which will be located on the fourth through 15th floors of the building.
The hotel will have more than 1,000 square meters of meeting and event space. The hotel's restaurant, according to the announcement, will be on the 57th floor with panoramic views.
Meliá Hotels International, according to the company, is one of the world's largest resort hotel chains and Spain's leading hotel chain.
The company's brands include Gran Meliá, Meliá, ME, Innside, Tryp by Wyndham, Sol, and Paradisus, which operate in 35 countries across four continents. Club Meliá is the only holiday club operated by a Spanish group, according to the company.
The Hilton Vienna Danube is no longer accessible.
Immofinanz Group sold the Hilton Vienna Danube hotel to a subsidiary of Frankfurt-based Internos Real Investors Kapitalanlagegesellschaft for €48.4 million ($63.5 million). The sale price, according to the company, was higher than the book value.
The transaction is part of the company's continuing transition away from non-core hotel assets. According to the brand, the Leonardo Vienna, which is also on the market after a renovation, is now the only hotel in the group's hotel division.
"This latest transaction brings us closer to our goal of terminating our business in this asset class," said Eduard Zehetner, CEO of Immofinanz Group. "Following the profitable selling of the Grand Hotel Kempinski in St. Moritz in February of this year, this latest transaction brings us closer to our goal of terminating our company in this asset class," said Eduard Zehetner, CEO of Immofinanz Group. "Reserved economic growth forecasts, low interest rates, and market participants' belief that the situation will not change in the near future have fueled demand for prime assets."
In 1986, the Scandic Hotel Vienna Danube opened its doors. Since 2003, it has been a Hilton-branded hotel with 367 rooms, including 24 suites. In 2011, the Hilton group's lease was extended for another 20 years.