CAERUS Debt Investments AG (CAERUS) has committed €120 million ($141 million) for the development of the Mandarin Oriental Vienna, a five-star hotel in the first district of Vienna, through a senior secured whole-loan financing agreement with the Swiss Brisen Group. An initial tranche of €40 million ($47 million) has already been released to the project.
The hotel is being developed in the striking art nouveau building at Riemergasse 7, where the Vienna Commercial Court was based for almost a century. Scheduled for completion by the end of 2023 the building will provide more than 150 hotel rooms and suites, as well as 17 luxury apartments under the Residences at Mandarin Oriental brand.
