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 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.