MBI International News & Press: 01/08/2002
JJW acquires ANA Grand Hotel in Vienna
The property, which will be known as Grand Hotel Wien and is recognised as being amongst the most luxurious hotels not only in Vienna, but the whole of Europe. It was first opened in 1870 as the first Grand Hotel in Vienna and re-opened in 1994 following a complete redevelopment, retaining only its historic façade, and it now combines classic Viennese style with state-of-the art technology. The five star, 205-room hotel enjoys a prime location in the centre of Vienna on Kärntner Ring, adjacent to the Ringstrassen Galerien, and a short walk from the Vienna State Opera.
Other attractions in the hotel include top class restaurants offering French, Japanese and Viennese cuisine, two bars, five meeting rooms and one of Vienna's largest hotel ballrooms.
Mr F. Shaibi, Director and member of the executive board for JJW Hotels & Resorts and Mr Y. Nakamachi, Managing Director for ANA finalised the deal on July 31st, 2002. The Chairman and owner of JJW Hotels & Resorts, Mohammed Bin Issa Al Jaber comments:' We are:"we are thrilled to have acquired this substantial and unique property in the heart of Europe".
JJW Hotels & Resorts and ANA Hotels have signed an agreement for the continuation of sales and marketing services for the Grand Hotel Wien through ANA Hotels (ANAH). JJW Hotels & Resorts has also entered into a licence agreement with ANAH to continue to use the highly successful Unkai brand name for the Japanese restaurant, which is one of the most celebrated restaurants of its kind in Vienna.
Commenting on the deal, Nick Marsh, Executive Vice President of Jones Lang LaSalle Hotels said, "The ANA Grand Hotel attracted strong interest from investors and operators, recognising both a re-branding opportunity and the chance to buy a prime piece of Viennese real estate". He continued, "JJW Hotels & Resorts have secured a fantastic foothold in a market with strong prospects while ANAH will maintain an ongoing relationship with the hotel through a marketing alliance".