Signa picks Hyatt to operate Vienna hotel project

Austrian private investor Signa Group has signed a management agreement with Hyatt Hotels & Resorts for a planned five-star luxury hotel in Vienna's city centre.

The Park Hyatt Hotel Am Hof will feature 143 rooms including 35 suites, a restaurant, bar and conference area, as well as a 900 m² spa area in a historic building that was formerly the headquarter of Laenderbank. The luxury hotel, with a total floor area of 21,500 m2, is scheduled to open in 2013.

Jones Lang LaSalle Hotels advised Signa Holding, owner of the property.

'Park Hyatt is one of the leading hotel brands in the luxury segment and will be a new player on the Vienna hotel market,' said Ursula Kriegl, executive vice president at JLL Hotels. 'We received strong global interest from hotel operators due to Vienna being a strategic market, the prime city centre location, the historic building and the layout of the property, which lends itself for hotel use.'