Deka Immobilien has acquired the five-star Andaz Vienna Am Belvedere hotel for approximately $92 million. The property was sold by a joint venture between two affiliates of Hyatt Hotels Corp. and Signa Development Selection AG. The Viennese property will be added to the portfolio of the WestInvest InterSelect open-end real estate fund.
Completed in 2019, the five-star hotel extends over 16 floors and boasts 303 spacious rooms, including 44 suites. Guests also have access to four eateries, generous conference spaces and a fitness and wellness area. There are also 233 parking spaces in the property’s underground car park, including 62 spaces dedicated to the hotel. The hotel is fully leased on a long-term basis to MHP Hotel am Schweizergarten GmbH, a MHP Hotel AG company. To date, the property has been managed under Hyatt’s Andaz brand. In April 2026, the hotel will be managed under the Hyatt Regency brand, a globally recognized premium hotel brand, featuring more than 200
