Vienna International Hotelmanagement AG acquired the 4-star Arcadia Hotel Trier, in Germany. The group now runs 13 hotels in Germany.
With the acquisition of the Arcadia Hotel Trier, VI continues to pursue its value-driven growth strategy and to meet the economic interests of its shareholders and prepares for the planned IPO. After purchasing a total of EUR 50 million in real estate assets (based on fair market value) in 2013, the group has continued its resounding success in 2014 with four more real estate acquisitions.
The Austrian group now runs 13 hotels in Germany.
Already signed up? Already signed up? Already signed up? Already registered? Login!