Monday, 2 February 2026
Deka Immobilien has purchased the five-star Andaz Vienna Am Belvedere hotel for approximately EUR 92 million. The seller was a joint venture between affiliates of Hyatt Hotels Corporation and Signa Development Selection AG. The asset will be incorporated into the portfolio of the WestInvest InterSelect open-ended real estate fund.
The hotel, completed in 2019, comprises 16 floors and 303 guest rooms, including 44 suites. Facilities include four dining outlets, conference and event areas, a fitness and wellness zone, and an underground car park with 233 spaces, of which 62 are allocated to hotel use. The property is fully leased on a long-term agreement to MHP Hotel am Schweizergarten GmbH, part of MHP Hotel AG. It currently operates under Hyatt’s Andaz brand and is scheduled to transition to the Hyatt Regency brand in April 2026.
The building is located at Arsenalstraße 10 in Vienna’s Belvedere district, positioned between the city’s main railway station and the Belvedere Palace. The surrounding area, developed between 2012 and 2019, has become a mixed-use zone combining cultural institutions, office buildings and residential projects. The property holds LEED Gold environmental certification.
According to the fund management of WestInvest InterSelect, the acquisition represents the fund’s first hotel investment in Vienna and is intended to provide stable long-term rental income through a property in a central location.
Photo: Hyatt
