Vienna International Hotelmanagement AG grows, remains on course for success
Vienna International Hotelmanagement AG (VI) once again reports an increased full-year profit for the 2013 financial year. A decisive contribution to this result came, among other things, from the Arcadia hotel purchases and the associated growth on the German market.
Investment in property
The Austrian hotel group acquired six Arcadia Hotels in Germany in 2013. These hotel purchases, made in a favourable interest environment, were one factor contributing positively to the year-end result. CEO Dr. Andreas Karsten expects to see earnings before taxes of € 3.7 million, which would correspond to an increase of about 26 % versus the previous year. "It was our goal to strategically expand our strong economic basis in Germany in the field of owner-operated hotels and to continue to grow on this market. And we succeeded. Within the last year, we have increased our presence from two operations in Munich and Berlin to 9 hotels at this point. The total number of managed hotels rose to 35 operations," says Dr. Karsten. Also in Germany, Vienna International Hotelmanagement AG in January 2013 opened the angelo Hotel Munich Westpark in cooperation with UBM Realitätenentwicklung AG. Due to the good business development of the two angelo hotels in Munich, an expansion of the first angelo Hotel Munich Leuchtenbergring is currently being planned. "The growth in Germany has allowed us to increase our presence on this market four-fold within one year. Still, we continue to see untapped potential in the area of city and conference hotels," Dr. Karsten is convinced.
Projects for 2014
The group intends to add even more hotels to its portfolio in the year to come. Dr. Karsten is driving forward the growth and is remaining faithful to his past announcements: "An IPO in the medium to long term remains an integral part of the growth strategy of Vienna International Hotelmanagement AG." In Shelkovo near Moscow, the 5-star Astrum luxury hotel will open in cooperation with Shelkowskij Holding in the summer of next year.
ABOUT VIENNA HOUSE
Vienna House is all about travelling, making new experiences and exploring as well as recognising the true beauty in the simple things in life. Austria's largest hotel group – repositioned in 2016 under the umbrella brand "Vienna House" – owns and manages hotels with their own character but with shared values and one aim: to inspire guests. The "Vienna House" brand comprises individual city and resort hotels in the 4-star superior and 5-star segments representing timeless design and natural premium quality. Hotels of the "Vienna House Easy" brand are cool, fresh and down-to-earth; the style of the 3- and 4-star hotels is smart and casual. The company currently employs 2,200 staff members in nine countries: from France to Russia, from Poland to Austria. Including cities like Berlin, Bratislava, Bucharest, Coburg, Carlsbad, Cracow, Dresden, Ekaterinburg, Lodz, Munich, Paris, Prague and Trier. Vienna House is a registered trademark of Vienna International Hotelmanagement AG. www.viennahouse.com