MBI International

MBI International News & Press: 29/09/2006

New 5-Star-Hotel for Vienna


The laying of the cornerstone took place on September 25th, 2006, together with the owner Mohamed Bin Issa Al Jaber and the President of the Chamber of Commerce Vienna, Brigitte Jank

The hotel 'The Ring' will be opened in autumn 2007. The laying of the foundation stone took place on September 25th 2006, with the owner Mohamed Bin Issa Al Jaber and the President of the Vienna Chamber of Commerce, Brigitte Jank.

The laying of the foundation stone of the new 5-star hotel 'The Ring' took place on September 25th 2006 on the construction site. Brigitte Jank, President of the Vienna Chamber of Commerce and the Owner Mohamed Bin Issa Al Jaber highlighted the importance of the Austrian capital within the European hospitality industry.

Vienna is a good location for luxury hotels; the Ringstrasse is the premier address in Vienna. 42 percent of all Viennese hotels are 4 or 5-Star hotels and not without reason. Out of 9 million room nights in 2005, 5,7 million room nights were booked in 4 or 5-star hotels. This is a new record, which makes investments in this segment self-evident," Brigitte Jank explained on the occasion of the ceremonial opening. 

Mohamed Bin Issa Al Jaber, Owner of the hotel chain JJW Hotels & Resorts explained that his focus is the expansion of the portfolio of independent luxury hotels in European capitals. In 2006 he acquired 'The Scotsman Hotels Group' with three luxury hotels in Edinburgh, Leeds and Paris. The city of Vienna is very important to him. "Vienna is a beautiful city with an enormous quality of life and offers outstanding cultural and tourist sites and is one of our most important locations," said Al Jaber.

The Owner´s Representative Karim F. Jalloul explained the concept and the time table.

The hotel, which will be opened in autumn 2007, will have 68 rooms and suites. The hotel follows the trend to smaller hotels, with spacious rooms and suites. Furthermore, there will be a 200m2 Spa, a fitness room, a restaurant and a bar in the basement. Planner Wilhelm Koczy confirmed that the listed elevator and listed room, which will become the 'Ring Suite', will be renovated.

Apart from those elements, modern design will dominate. The colour concept will be 'Café au lait', meaning warm colours like chocolate brown, beige, pistachio and red. Before JJW bought the building, it was the office of 'Merkur Bank'.

The hotel will combine 'luxury' with 'casual'. The hotel will feature a casual ambience with the best service and every luxury you would expect at a 5-star-hotel.

The total investment for the whole project will be € 30 Mil. The rates will start from € 275,-- to  € 1.250,-- per room per night.

The hotel will be managed by the management team of the Grand Hotel Wien.

MBI & Partners UK Limited

Mohamed Bin Issa Al Jaber is the founder, Chairman & CEO of MBI International, a group of companies with an asset value in excess of USD 9 billion which operates across Europe, the Middle East and the United States. Over the past twenty five years, MBI Al Jaber's businesses have grown into major international concerns.

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