VI Hotels & Resorts continues to expand in Germany
The Austrian hotel operator VI Hotels & Resort is taking over two further hotels effective 1
April 2014. With the Arcadia hotels in Landsberg am Lech and in Bad Oeynhausen, the group's portfolio now includes 12 hotels in Germany.VI Hotels & Resorts is vigorously pursuing its expansion strategy with further acquisitions in Germany
as announced. VI, the largest Austrian hotel operator, will take over the two Arcadia hotels in Landsberg am Lech and in Bad Oeynhausen with no interruption to service effective 1 April 2014. The parties have agreed to keep the purchase price confidential.Dr. Andreas Karsten, CEO of the Austrian hotel group, is certain of the investment in the two hotels in
Bavaria and North Rhine-Westphalia: "The transfer of the Arcadia hotels in Landsberg and Bad Oeynhausen are a further indication of the trust in our management style and our asset strategy. We are delighted to be able to deepen our cooperation with the Arcadia Group." Dr. h.c. Reinhard Baumhögger, owner of the Arcadia Group, also sees this as a win-win situation for both hotel groups: "Thanks to the synergy effects in sales, both groups benefit greatly from the transaction. I am very pleased that in VI Hotels I have found an experienced and successful hotel operator for both properties."Arcadia Hotel Landsberg
The 103-room 3-star Arcadia Hotel Landsberg is situated 2 km from the historic old town centre of
Landsberg am Lech in Upper Bavaria, about 55 km west of Munich. The city has a population of around 30,000. Arcadia Hotel Landsberg: Graf-Zeppelin-Str. 6, 86899 Landsberg am Lech, Tel: +49 8191 9290 0, [email protected]Arcadia Hotel Bad Oeynhausen
The Arcadia Hotel Bad Oeynhausen, with 144 rooms and an event area for around 60 people, is
situated at the edge of the spa gardens in the heart of the spa town of Bad Oeynhausen (pop. 50,000). Located about 39 km southwest of Bielefeld, Bad Oeynhausen is known both nationally and internationally for its health and rehabilitation centres. Arcadia Hotel Bad Oeynhausen: Morsbachallee 1, 32545 Bad Oeynhausen, Tel: +49 5731 257 0, [email protected]Arcadia
Arcadia Hotels (Dr. h.c. Reinhard Baumhögger Group) has been active in the fields of hotel
development, construction and management in Germany since 1978. Today Arcadia operates a total of 24 hotels under its own brand and owns 3 additional hotels that are operated under a third-party brand. Arcadia has about 3,200 rooms on the German hotel market and comes in 30th of the top 50 hotel companies in Germany in the AHGZ ranking from July 2013.Sabine Hackl
Head of Corporate Communications
+43(0) 1 - 333 73 73 65
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