Signa and Hyatt Announce Plans for an Andaz Hotel in Vienna
SIGNA and an affiliate of Hyatt Hotels Corporation (NYSE:H) have announced a 50:50 joint venture for the development of Andaz Am Belvedere Vienna. The hotel will be located opposite the 21er Haus (formerly the Museum of Modern Art) and Vienna's Schweizergarten, next to the Belvedere Palace. The project which is slated to open in early 2019 will be led by international star architect and Pritzker Prize winner, Renzo Piano, and the hotel's...
SIGNA and an affiliate of Hyatt Hotels Corporation (NYSE:H) have announced a 50:50 joint venture for the development of Andaz Am Belvedere Vienna. The hotel will be located opposite the 21er Haus (formerly the Museum of Modern Art) and Vienna's Schweizergarten, next to the Belvedere Palace. The project which is slated to open in early 2019 will be led by international star architect and Pritzker Prize winner, Renzo Piano, and the hotel's interiors will be designed by Claudio Carbone and Gabriel Kacerovsky.
Following the successful opening of Park Hyatt Vienna, Andaz Am Belvedere Vienna will be the second collaboration between SIGNA and Hyatt.
"The great success we've seen with Park Hyatt Vienna is further evidence that Hyatt is the right brand for us", said Christoph Stadlhuber, CEO of SIGNA Holding. "Our work together will highlight both of our respective strengths – Hyatt is a high-quality, global and trusted brand that is well-known for its operational excellence At the same time, SIGNA can leverage its experience of successfully realizing outstanding real estate developments in major urban centres, comprising office blocks and towers, large residential developments, shopping centres as well as hotels. We both feel that the Andaz brand is an ideal fit for the modern and outstanding architecture of the Renzo Piano Building Workshop in the wonderful city of Vienna."
"This is an incredibly important development for Vienna, with the Belvedere Quarter set to become a sought-after destination in the city," said Peter Norman, senior vice president of acquisitions and development for Hyatt – Europe, Africa and Middle East.. "It also represents an exciting opportunity to extend the successful collaboration between Signa and Hyatt and to bring our customers the luxury and creative inspiration that the Andaz brand is known for."
To bring the Andaz concept to life in Vienna, the hotel will take inspiration from the city's spectacular art and architecture, diverse cuisine, outstanding quality of life and irresistible charm. Taking its cue from Prince Eugene of Savoy, one of the leading developers and art collectors of his time and the man behind the Belvedere Palace, Andaz Am Belvedere will feature contemporary local art and design that will immerse guests in the history of both Prince Eugene and the city of Vienna.
Andaz Am Belvedere will be located in the new Quartier Belvedere, a highly sought-after part of the city that includes excellent shopping options, green spaces, cultural attractions and sports facilities. It will be a five-minute walk from the new Vienna Central Station and will have excellent links to both the public and private transport system. The Botanical Gardens and the Belvedere Palace can be reached in 10 minutes. St. Stephen's Square can be reached in 15 minutes, and the Vienna International Airport can be reached in 20 minutes.
Andaz Am Belvedere Vienna will have 300 rooms and a 2,200 square meter conference facility, including a 700 square meter ballroom. The hotel will comprised of two separate buildings connected by interwoven bridges, with a shared lounge on the ground floor. The large spa and fitness area on the fourth floor, and the breathtaking rooftop bar on the 16th floor that sits 60 meters above ground level, will offer a captivating combination of outstanding functionality and superb views of the idyllic Schweizergarten and the entire Austrian capital. There will also be a restaurant, a lobby bar and as Hyatt's approach to innovation will feature a ground-floor staff restaurant that will be open to the public. The underground car park will provide ample parking, as well as charging stations for electric cars and motorcycles.
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
SIGNA
With total real estate assets of more than EUR 6 billion and revenue of over EUR 3 billion from its retail interests, SIGNA has grown to become one of Europe's leading companies in these business areas since it was set up 16 years ago. The Group comprises two core businesses: SIGNA Real Estate and SIGNA Retail.
SIGNA Real Estate owns and operates a broad long-term portfolio of exceptional properties, and is regarded as an expert partner in fund management and real estate services. The business has a total of around 150 employees spread across four separate companies: SIGNA Development Selection, SIGNA Funds, property services provider SIGNA Real Estate Management, as well as SIGNA Prime Selection, which focuses on long-term buy-and-hold investments in properties in prime European city centre locations.
SIGNA Retail comprises a number of independent German retail companies, including The KaDeWe Group, Karstadt Sports, Karstadt Warenhaus GmbH and EATALY Distribution Deutschland GmbH. All four businesses are run by a team of seasoned department store and retail experts. These four companies have a total of over 20,000 staff at more than 100 locations, and combined annual revenue of around EUR 3 billion, making SIGNA Retail one of Germany's largest retailers. Visit www.signa.at for more information.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of June 30, 2024, the Company's portfolio included more than 1,350 hotels and all-inclusive properties in 78 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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Media Contact
Simone Roemheld
Director of Corporate Communications EAME/SWA - Hyatt Internationall [email protected] +41 (0) 44 279 1226