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Vienna International continues expansion in Germany

Vienna International Hotelmanagement AG acquired the 4-star Arcadia Hotel Trier, in Germany. The group now runs 13 hotels in Germany.

The Arcadia Hotel Trier, which was taken over on 31 July, has become the tenth hotel of the Arcadia Group to be managed by Vienna International. The 4-star hotel was purchased by VI's German subsidiary, VI Asset GmbH, and offers 102 rooms and 3 suites in a central part of the university city on the Moselle river.

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.
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