Deka Immobilien buys premium hotel property in Vienna

 
Frankfurt, 02.02.2026

Deka Immobilien has acquired the five-star Andaz Vienna Am Belvedere hotel for around EUR 92 million. The property was sold by a joint venture between two affiliates of Hyatt Hotels Corporation and Signa Development Selection AG. The Viennese property will be added to the portfolio of the WestInvest InterSelect open-ended real estate fund.

Completed in 2019, the five-star hotel extends over 16 floors and boasts 303 spacious rooms, including 44 suites. Guests also have access to four eateries, generous conference spaces and a fitness and wellness area. There are also 233 parking spaces in the property's underground car park (62 spaces dedicated to the hotel). The hotel is fully leased on a long-term basis to MHP Hotel am Schweizergarten GmbH, a MHP Hotel AG company. To date, the property has been managed under Hyatt’s Andaz brand. In April 2026, the hotel will be managed under the Hyatt Regency brand, a globally recognized, premiere hotel brand, featuring more than 200 hotels in over 40 countries around the world.

Located in the heart of the Belvedere district at Arsenalstraße 10, the property is situated between Vienna's main train station and Belvedere Palace. The district, which was developed between 2012 and 2019, is now an important cultural and economic centre in the Austrian capital with museums, galleries and corporate headquarters. The property has received Leadership in Energy and Environmental Design (LEED) Gold certification.

With this first investment in the Viennese hotel sector, the fund management of WestInvest InterSelect has secured a high-quality property in an excellent location that promises stable cash flows over the long term.

DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.

The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.