Vienna International Hotelmanagement AG (VI) has taken over three further hotels in Germany. Effective 1 August 2013, the Austrian hotel operator doubles its presence on the German market. On 1 July 2013, Vienna International Hotelmanagement AG took over the Arcadia Hotel Amberg in the city of the same name (pop. 41,000). The next takeover will follow on 1 August 2013 in Wuppertal. In both cases, VI is assuming management of the hotel while in full operation. The three Arcadia Hotels (Coburg was taken over on 1 June 2013) will continue to be promoted in cooperation with the sales operations of the Arcadia Group as well as through VI’s channels.
“With the latest management takeovers, we were able to double our market presence in addition to the previous hotels in Munich and Berlin,” says Dr. Andreas Karsten, CEO Vienna International Hotelmanagement AG. “Germany is one of our most important core markets with enormous economic potential.”
The new hotels in Germany were acquired by VI Asset GmbH, a subsidiary of Vienna International Hotelmanagement AG. Vendor is the Arcadia hotel group. Both parties have agreed to keep the price confidential.
