Eagle Hills Expands European Hotel Portfolio with Landmark Acquisition
The UAE-based real estate firm Eagle Hills has acquired the Ritz-Carlton Vienna from Kazakhstan’s Verny Capital in a deal valued at approximately €110 million. This transaction marks another significant move in Eagle Hills’ expanding European hospitality footprint.
Strategic Growth in European Hospitality
Eagle Hills has been actively growing its hotel portfolio in Europe, following its €200 million acquisition of the Sunčani Hvar portfolio in Croatia in 2023. The firm’s latest purchase adds another prestigious five-star property to its portfolio, reinforcing its position as a key player in the luxury hospitality sector.
Located in a historic 19th-century palace complex, the Ritz-Carlton Vienna is centrally positioned near the Stadtparkand offers 200 rooms and suites, fine dining restaurants, bars, a luxury spa, and an indoor pool.
Market Trends and Future Opportunities
Vienna’s hospitality sector continues to attract major investors. Last October, Art-Invest acquired the Courtyard by Marriott Prater Vienna/Trade Fair from Deka Immobilien. Additionally, the Park Hyatt Vienna is currently on the market for around €350 million, as part of the Am Hof 2 luxury retail and hotel complex put up for sale by the administrator of the distressed Signa Group.
Eagle Hills’ Broader Expansion Plans
Beyond hospitality, Eagle Hills is making strides in mixed-use development. The company is currently navigating challenges in its €12 billion project in Budapest, where the city government has asserted preemptive rights on the development site.
With this latest acquisition in Vienna, Eagle Hills is solidifying its stronghold in Europe’s luxury real estate and hospitality sector, and further deals in premium locations may follow soon.
