Sale of a Viennese Hotel Group | Advisor: NBB FL & AT
In 2018 NBB Austria received the mandate to sell a hotel group with 3 hotels in Vienna. The seller is a family of hoteliers who cannot ensure a succession within the family and who therefore wish to sell the assets and thus contribute the assets to a foundation.
Within 8 months, NBB realises the sale of all 3 hotels to a single buyer and thus initiates an ideal transaction for both sides. The hotels exist today under the same name with continued successful corporate management, largely unchanged staff levels and corporate management. The owners were able to retire.