Signa and Central Group To Develop Hyatt Thompson Hotel in Vienna to Open 2024
Main Photo: The suite at the new Hyatt Thompson hotel – imagined; Photo credit: Mariahilfer _Straße 10-18 Immobilien GmbH
Date: April 2022
Name: Thompson Vienna
Location: Mariahilfer Straße, Vienna, Austria
Number of Keys: 148
Seller: TBA: The development will also include an adjacent KaDeWe luxury department store
Buyer: JV between Austria’s Signa and Thailand’s Central Group, who partnered up recently to acquire Selfridge’s in the UK
Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of SIGNA and CENTRAL Group for Thompson Vienna, a stunning new sophisticated lifestyle hotel to be located in the Austrian capital.
Expected to open in late 2024, the 148-room hotel will be located on Mariahilferstrasse (Mariahilfer Street) in the popular retail area of Vienna, as part of an exciting development bringing a new KaDeWe high-end department store to the city. Thompson Vienna and KaDeWe together will create an immersive, cultural destination for tourists and locals alike, offering an all-encompassing experience that brings together global luxury brands, dining and entertainment options.
“We are excited to be expanding our relationship with SIGNA and CENTRAL Group by introducing plans for Thompson Vienna, the third Hyatt property in the city,” said Felicity Black-Roberts, vice president development Europe, Hyatt. “Offering a refined residential feel, Thompson Vienna will attract visitors and locals alike with a dynamic social scene, all within the unprecedented development that will integrate high-end shopping, dining, entertainment, fashion and accommodations within one destination.”
World-renowned architects OMA and interior designers Tara Bernerd & Partners will design Thompson Vienna, creating a modern, edgy design inspired by the architecture and distinctive characteristics of Austria’s famous capital, complemented by the Thompson Hotels brand’s layered design, culinary sophistication and exceptional service.
Thailand-based CENTRAL, owned by the Chirathivat family for four generations, is a multi-format and multi-category retail group focusing on physical and digital retail formats, hotels, restaurants and real estate across Southeast Asia and Europe. CENTRAL began its expansion into Europe with the acquisition of Rinascente in 2011. After acquiring the Danish department store Illum in 2013, CENTRAL partnered with SIGNA to jointly invest in and develop The KaDeWe Group in 2015, followed by Globus in 2020. As a result, Europe has become a key market and strategic focus for CENTRAL, with significant senior management presence across various locations, including London.
“We are delighted to extend our collaboration with Hyatt on this exciting new landmark hotel for the Viennese social scene,” said Claus Stadler, COO SIGNA. “Together we will reimagine how retail and hospitality are intertwined to create a high-quality, lifestyle offering for our guests and visitors.”
The development follows Hyatt’s recent announcement of plans for the Thompson Hotels brand debut in Spain with Thompson Madrid.
Thompson Vienna will mark the third Hyatt-branded hotel in the city joining Park Hyatt Vienna and Andaz Vienna Am Belvedere.
SIGNA Real Estate has been developing and managing real estate projects in central locations in Germany and Austria for the past 20 years. The was founded by René Benko.
It’s portfolio includes the KaDeWe and the Upper West Tower by the Gedächtniskirche in Berlin, the Elbtower high-rise project in Hamburg’s HafenCity, the premium Alsterhaus department store in Hamburg and the Oberpollinger and the Karstadt development project near Munich’s central train station. In Austria, the portfolio properties include the premium Park Hyatt Vienna hotel and the Goldenes Quartier business district.
Price: Undisclosed
THPT Comment: Retail and hospitality truly meet with both companies – Signa and Central Group….especially so close after their acquisition of Selfridge’s in the UK
First Seen: Hyatt press release
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