SAXINGER advises ECHO Fund on the sale of the DoubleTree by Hilton Vienna Schönbrunn

SAXINGER provided comprehensive legal advice to Luxembourg-based hotel fund ECHO Fund SCSp on the sale of the hotel formerly operated as DoubleTree by Hilton Vienna Schönbrunn. The buyer of the hotel is the Czech Inn Group. The underground car park associated with the property was sold to the Best in Parking Group. The total transaction volume amounted to more than EUR 60 million.

The sale successfully transferred a significant Vienna hotel property located in the immediate vicinity of Schönbrunn Palace to new owners. In addition to the hotel, the transaction also involved the separate sale of the underground car park to an independent buyer, placing particular demands on the structuring and execution of the transaction.

“The transaction demonstrates that high-quality hotel properties in Vienna continue to attract strong interest from international investors. We are pleased to have provided comprehensive support to ECHO throughout this complex sale process,” said Immanuel Gerstner and Irene Meingast.

SAXINGER’s transaction team consisted of partners Immanuel Gerstner (Lead), Irene Meingast (Real Estate) and Gabriel Paminger (Corporate / M&A).

The Czech Inn Group was advised on the transaction by Petra Cernochova (Kornfeld Wukoschitz Cernochova Rechtsanwälte) and Robert Kvasnička (FMK advokátní kancelář s.r.o.). The financing bank received legal advice from Tibor Varga (DORDA).