Events for November
M T W T F S S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Add your event FREE

Today


Videos


Polls


Accomodations in Austria


Cosmo and Nanu

Michael_Tojner_forked_out_50_million_Euros_to_snatch_up_the_Vienna_Intercontinental,_business_newspapers_disclosed_today.

Investor grabs Vienna Intercontinental

One of Vienna’s most prestigious hotels has a new owner.

Austrian businessman Michael Tojner forked out 50 million Euros to snatch up the Vienna Intercontinental, business newspapers disclosed today (Fri). The deal will be finalised in May, according to Die Presse which reports that Tojner – a Vienna-based investor – has not yet decided about a possible expansion of the five-star hotel.

The Vienna Intercontinental is located at the Stadtpark which has a magnetic function thanks to the gilded statue of waltz composer Johann Strauss. Renowned cultural institutions such as the Konzerthaus, the MAK (Museum für angewandte Kunst, Museum for the Applied Arts) and the Akademietheater – where acclaimed plays like "Stallerhof" and "Der ideale Mann" are currently on – are in walking distance of the Vienna Intercontinental.

The Vienna Intercontinental is one of the biggest names among Vienna’s hundreds of hotels. It is competing with the Hotel Sacher, the Grand Hotel, the Hotel Imperial and a few other five-star hotels for upper class vacationers and business travellers. The city’s established luxury hotels recently welcomed another rival in the ring. The Sofitel Vienna Stephansdom Hotel is situated in Leopoldstadt district. French architect Jean Nouvel designed the 18-storey building which features a restaurant and a bar on its top floor.

Another five-star hotel will open its doors later this year. Managers of the Sans Souci Hotel said earlier this week that their five-star location would include not only rooms and suites of varying price categories but also 15 exclusive apartments – of which eight are already sold to Austrian and foreign individuals.

Hotel price comparison platform Trivago reports that a standard double room in Vienna costs 124 Euros at the moment, 20 Euros more than last month. Holidaymakers had to pay 133 Euros per room and night in October 2011, according to the Trivago Hotel Price Index (THPI) which checks price developments in Europe’s most popular holiday destinations.

The THPI shows that hotels in the Swiss city of Geneva are most expensive these days with 259 Euros, up sharply from February (239 Euros). Hotels in London, Great Britain, come second (183 Euros; February 2012: 172 Euros) while hotels in Italian fashion hotspot Milan are in third place among Europe’s top tourism destinations at 180 Euros (February 2012: 152 Euros).

The Viennese tourism industry and other sectors of the city’s economy are hoping for an extra boost by this year’s 150th anniversary of the birthday of painter Gustav Klimt. Several galleries and museums – including the Leopold Museum and the Museum of Art (Kunsthistorisches Museum, KHM) – are holding special exhibitions featuring the works of the Fin de Siecle luminary who died in 1918.

Vienna Times





Related articles: Vienna focus

  1. A night of glitz and glamour at Vienna Filmball 2013

    » Panorama 2013-03-18

    Glamour and glitz were out in force at the weekend as stars from Austria and further afield flocked over the red carpet into the Vienna City Hall for a night of awards, dance and partying!

  2. Bonbon Ball crowns Miss Bonbon 2013!

    » Panorama 2013-02-11

    By far the sweetest event in the Vienna Ball season - the Bonbon Ball took place this weekend.

  3. Demonstration to remain in front of Votiv Kirche

    » General News 2012-12-19

    Following lack of progress made by talks between representatives of the Church, the charity Caritas and refugee activists at the Votiv Kirche in Vienna, protesters are set to stay camped outside the building.

  4. Man goes on supermarket axe rampage

    » General News 2012-12-19

    A supermarket worker and three supermarket customers were attacked by a man on the rampage with an axe in a supermarket in the Austrian capital of Vienna.

  5. Runners caught short in Vienna Indoor Marathon

    » General News 2012-12-19

    Marathon runners who thought they'd clocked up record times were caught short when organisers confessed that the course wasn't long enough.

  6. Underground rape suspect arrested in Graz

    » General News 2012-12-19

    A man accused of raping a 23-year-old woman on an underground line during rush hour in the Austrian capital has been arrested in Graz, Styria.

  7. Woman stabs boyfriend in head then goes to bed

    » General News 2012-12-19

    A woman stabbed her partner in the head before going to bed after a row in her apartment in Vienna, Austria.

  8. Parking permit zones to be extended

    » General News 2012-12-19

    Discussions are ongoing about making a park permit zone in the Vienna Districts of Hietzing and Währing from 2013 as a result of a knock on effect from surrounding districts.

  9. Indoor pool in Vienna open after renovation work

    » Panorama 2012-12-18

    Vienna's indoor swimming pool the Amalienbad is open again after it was closed for renovations over the summer.

  10. Price rise set for many in Vienna housing associations

    » General News 2012-12-10

    The year 2013 is going to start off an expensive one of the 2500 people living in Vienna.

Related articles: business boom

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. Knoflacher emphasises pedestrian zones' economic effects

    » General News 2012-05-24

    A renowned traffic planner has stressed that shop owners are generally appreciating the introduction of pedestrian zones.

  3. FW turnover takes off

    » Business 2012-05-24

    Austria’s biggest airport has managed to increase its profit.

  4. Congress tourism boosts cities and countryside

    » Business 2012-05-17

    International conferences are becoming increasingly important to the Austrian tourism industry.

  5. Schieder wants technology offensive

    » General News 2012-05-15

    Finance Secretary Andreas Schieder has appealed on politicians and businesspeople to ensure that Europeans benefit from technologic developments.

  6. TA recovers as CEO rejects Pecik fears

    » Business 2012-05-11

    Telekom Austria (TA) is back in the black.

  7. BA almost takes €400mn profit hurdle

    » Business 2012-05-11

    Bank Austria (BA) has achieved a profit of almost 400 million Euros in the first quarter of 2012.

  8. Turmöl sales soar

    » Business 2012-05-11

    Austria’s main discount petrol station network earned more in the first three months of this year thanks to the current developments on the energy products sector.

  9. Bonuses must mean tax cuts, says ÖVP boss

    » General News 2012-05-02

    The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees.

  10. Strabag turnover soars thanks to EE

    » Business 2012-05-01

    Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.


Tag cloud:
Vienna  price  ndash  rsquo  THPI  tourism  Trivago  Museum  Europe  hotels  Tojner  Euros  Hotel  businessman  destinations  Austrian  Intercontinental  Price  star  Holidaymakers


Latest News

 

Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.

Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.

Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.

Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.

Halloween At The Zoo
Pumpkin pie might be the order of the day for people this Halloween but now zoo animals are also getting in on the act.

Baby Naked Mole Rats Born In Vienna
With their pink hairless bodies and fangs for front teeth, these baby naked mole rats were never going to win any cuteness contests at Schonbrunn Zoo in the Austrian capital Vienna.

Jihad Girls Gunpoint Retraction Of Desire To Go Home
Austrian anti-terrorism police believe that an interview given to a French magazine allegedly with one of the two teenage girls who fled to Syria to join in the jihad was probably carried out at gunpoint.

MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.

Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

 


Rieders Digests


The most popular stories –
last 7 days