IMMOFINANZ Group signs long-term lease with Leonardo Hotels in Vienna

IMMOFINANZ AG / Key word(s): Contract/Real Estate

09.01.2012 / 09:54

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IMMOFINANZ Group has signed a lease agreement with the internationally
renowned hotel chain Leonardo Hotels for its hotel on Matrosengasse in
Vienna's 6th municipal district. Renovations are to start in January 2012.
IMMOFINANZ Group will invest around EUR 6 million in the reconstruction,
modification and refitting of the hotel and plans to open the first
Leonardo Hotel in Austria by the middle of this year.

'We are very pleased to introduce Leonardo Hotels, an internationally
renowned hotel chain, to Austria and to add a strong hotel brand to the
Vienna hotel business. With this group of companies, we are setting new
standards in the upper middle-class segment - both for business customers
and city tourists', was the comment made by Manfred Wiltschnigg, Executive
Board member of IMMOFINANZ Group, regarding the successful signing of the
contract. 'Together we will establish a further highlight in this emerging
neighbourhood around the Vienna Westbahnhof that was recently opened.'

The future Leonardo Hotel Vienna is located right on Europaplatz, only
around 100 m from Mariahilfer Strasse, making it easily accessible both by
private transport and local public transit. Once the reconstruction is
completed, the hotel will feature 213 rooms and 3 meeting rooms. Plans
include a spacious open lobby combining the bar, restaurant and lounge in
an extensive entrance hall. Renovations will begin in January. An
investment of around EUR 6 million has been allocated for a complete
renovation of the hotel. The three-star superior Leonardo Hotel Vienna, the
first of its kind in Austria, will open by the middle of the year.


On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in
Europe and is included in the leading ATX index of the Vienna Stock
Exchange. Since its founding in 1990, the company has compiled a
high-quality property portfolio that now comprises more than 1,600 standing
investment properties with a carrying amount of approx. EUR 8.7 billion.
The core business of the IMMOFINANZ Group covers the acquisition and the
active management of investment properties, the realisation of development
projects and the sale of objects. IMMOFINANZ Group concentrates its
activities in the retail, office, logistics and residential segments of
eight regional core markets: Austria, Germany, Czech Republic, Slovakia,
Hungary, Romania, Poland and Russia. Further information under
www.immofinanz.com.

On Leonardo Hotels
Leonardo Hotels is the European division of Fattal Hotels, founded in 1998
by David Fattal. In addition to its hotel locations in Israel, the company
has also been active in the European market since 2007 and currently
operates over 30 hotels in Germany, Belgium, Switzerland and Hungary, with
other attractive European sites to be added soon. The company head office
is in Berlin, Germany.Further information under www.leonardo-hotels.com.


Contact:
For additional information contact:

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations 
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor@immofinanz.com 

Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com 

MEDIA INQUIRIES

Armin Nowshad (holiday substitute of Sandra Bauer until 15 January 2012)
Ecker & Partner Öffentlichkeitsarbeit und Public Affairs GmbH
T +43 (0)1 599 32 22
M +43 (0)660 821 55 38
a.nowshad@eup.at

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com


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Language:    English                                                    
Company:     IMMOFINANZ AG                                              
             Wienerbergstraße 11                                        
             1100 Wien                                                  
             Austria                                                    
Phone:       +43 (0) 5 7111 - 2291                                      
Fax:         +43 (0) 5 7111 - 8291                                      
E-mail:      investor@immofinanz.com                                    
Internet:    http://www.immofinanz.com                                  
ISIN:        AT0000809058                                               
WKN:         911064                                                     
Listed:      Freiverkehr in Berlin, München, Stuttgart; Open Market in  
             Frankfurt; Wien (Amtlicher Handel / Official Market)       
 
 
End of News    DGAP News-Service  
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