Events for April
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 1 2 3 4
Add your event FREE




Accomodations in Austria

Cosmo and Nanu


Ukrainian involvement rumoured in Panhans sale

A buyer appears to have been found for the traditional Panhans Hotel at the ski resort of Semmering.

According to Austrian media the businessman Thomas Schellenbacher from St Leonhard am Forst in the district of Melk is now in the lead in the bidding according to liquidator Gernot Hain.

According to information available about his company the 48-year-old heads the firm Pöchlarner IBS Umwelt- und Verkehrstechnik GmbH, and architects and engineers office with a turnover of around 3,000,000 euros a year according to figures for 2010.

Nothing is being revealed from either side about the price but the deadline for the settlement and contract to be signed is 15 January. According to liquidator Gernot Hain he said: "I won't say that I am pleased until the money is in the bank account."

Schellenbacher could not be reached for comment but according to his lawyer Bernhard Wagner they wanted to take control and lead the hotel group as a majority owner. Behind Schellenbacher is an international consortium although details will only be revealed later at a press conference.

But what is known is that the money behind Schellenbacher is probably from the east and most likely from the Ukraine . Last year the Ukrainian Igor Palytsia took over 25 percent of the company and is now managing director. The 39-year-old is well-known in the Ukraine where he is an MP in the local parliament.

Schellenbacher was also in the news in the Ukraine last year when he took part in a major project to build 320 km of flood protection barriers .

Meanwhile there is no news about the planned involvement of lower Austria in the Semmering ski resort of which the hotel Panhans owns 20 percent. The negotiations are reportedly ongoing according to information from the office of regional economics minister Petra Bohuslav.

The Panhans is one of Austria's best known hotels – with its spectacular panorama view over the Semmering region on the outskirts of Vienna. It recently ran into financial difficulties with debts in the region of around 3 1/2 million euros which are owed to 2 banks and various other creditors.

The part of the hotel that is being sold is the majority share currently in the hands of builder Anton Kallinger-Prskawetz - but while he is currently not regarded as in a fit state to manage his affairs and they are being dealt with by a court-appointed lawyer acting on his behalf – it means that things are taking longer than might otherwise be expected.

But once that has happened the new investor can be approved and the necessary renovation work get underway.

Vienna Times

Tag cloud:
Bohuslav  Ukrainian  euros  liquidator  money  majority  Schellenbacher  Hain  regional  Panhans  lawyer  percent  Ukraine  Austrian  Gernot  currently  Semmering  resort  hotel  involvement

Latest News


Exploring photography and art through 1960s cult film Blow-Up
Vienna's Albertina is putting on an photography exhibition featuring stills from the cult sixties photography film Blow-Up by Michelangelo Antonioni.

Turtle flies from Vienna to India to try his luck with the ladies
An endangered turtle from Schoenbrunn Zoo is taking a trip across the world to try his luck out with two female turtles in India.

Ricky Martin to perform at Life Ball 2014
In a celebrating of joys of life, sensuousness and a tribute to handsomeness, the Life Ball 2014 has announced that the Latino star Ricky Martin, chosen many times over as Sexiest Man Alive, will perform at the event.

Vienna prosecutors target Ukrainian former government
Austrian officials have announced they are coordinating with Ukraine's public prosecutors over the investigation of former Ukrainian government officials accused of money-laundering and sanctions violations.

Icelandic artist shoots whole film in front of live audience in Vienna
An Icelandic artist is making a film adaptation of the novel World Light in Vienna - but is carrying out the whole project, including filming, in front of a live studio audience.

Free plants and seedlings exchange in Vienna
Green fingered garden growers will have the chance to exchange their plants and seedlings for some new varieties in a plant swap fair taking place in Vienna at the end of April.

Airbus superjet coming to Vienna for one-off visit
The world's largest passenger airliner, the Airbus A380, is coming to Vienna International Airport for a one off visit on 26 May.

Worlds first Viktor Frankl museum to open in Vienna
The worlds first museum dedicated to renowned Austrian psychotherapist Viktor Frankl is to open in Vienna in the autumn.

What is on at Burg Kino this week? (11 April - 17 April)
This week at the Burg Kino on the Opernring the following films are showing:

Vienna Philharmonic wins Birgit Nilsson prize
The Vienna Philharmonic Orchestra has become the first orchestra ever to be awarded the the Birgit Nilsson Foundation prize.


Rieders Digests

The most popular stories –
last 7 days