December 9, 2025

Ibersol Acquires Former Quality Trend Hotel Zoo in Vienna

Spanish hotel group Ibersol has acquired a four-star hotel on Schonbrunner Schlossstrasse in Vienna.

The hotel — which will operate under the new Ibercity brand from August 2025 — was previously known as the Quality Trend Hotel Zoo; operations ceased in October 2024. The property consists of approximately 6,500 square meters of space, including 118 rooms.

With the Vienna location, Ibersol — which operates several holiday hotels and a large number of aparthotels in Spain — is entering the Central European hotel and real estate market for the first time.

The DLA Piper law firm advised Iberson on its establishment of Ibercity Wien Hotel Company GmbH and all legal matters related to the hotel lease agreement, including regulatory aspects of the acquisition.

Image source: www.travelocity.com

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Crownd Estate Group Completes Out-of-Court Restructuring

Austrian developer of luxury real estate Crownd Estate Group has completed an out-of-court restructuring following 18 months of intensive negotiations with 25 Austrian financial institutions.

Investika Real Estate Fund Acquires CAE Aviation Training Centre from Propel Industrial Holding

The Investika Real Estate Fund has entered the Austrian real estate market with its acquisition of the CAE Aviation Training Centre.

Investors Create New Joint Venture from Assets of European Outlet Mall Fund

A consortium of investors that includes APG have spun-off select designer outlet mall assets from the European Outlet Mall Fund into a newly formed pan-European joint venture.