The skyline of our Business Park Vienna, with the myhive Twin Towers visible from far away, is to be enhanced with another attractive and striking building: We are modernising an existing tower at the location, which will in future be operated primarily as a hotel. The architects from Holzbauer & Partner are responsible for the architectural highlights, above all the renovation of the facade. We were able to attract the German NOVUM Hotel Group as operator of the new hotel at Wienerberg. We presented this, along with all of the associated facts and figures, at a press conference held at the ThirtyFive event location on the 35th floor of the myhive Twin Towers this week. Resa Etmenan (CIO of NOVUM Group), Josef Kaindl (Deputy District Head of Favoriten), the architect Egon Türmer (Holzbauer & Partner Architekten) and our COO Dietmar Reindl took questions from journalists and provided a top-down view in a literal sense of the approximately 90 metre high property, which will shine with new splendour at the start of 2019.
According to Josef Kaindl, this enhancement of the Business Park is a "major opportunity" and a valuable addition to the District of Favoriten, which is focussing on a balanced mix of work, residence and leisure. He describes Favoriten incidentally as the "third-largest city in Austria" - the district is after all approaching the threshold of 200,000 residents. The connection of Wienerberg to the underground railway network, which has already been decided upon, is consequently also important and overdue.
The existing office building will be partially converted for the hotel project: on the ground floor, the hotel lobby has an entrance to the adjacent shopping mall at the Business Park Vienna, the hotel rooms are planned for the eighth to 21st floors, and the other areas - six storeys in total - will be fitted out as modern offices. The hotel will be operated as "Holiday Inn Vienna - South Hotel"; one of the highlights will be the panorama breakfast restaurant on the 22nd floor. The cost of the investment is approximately EUR 22 million.