PKF hospitality group successfully conducted both a feasibility study and an operator search assignment for the future aparthotel in the 22nd district of Vienna (opening in 2022). Besides introducing the owning companies Signa/ARE Austrian Real Estate to the operator Citadines by The Ascott Limited, our operator search team supported the negotiation processes. Citadines is an aparthotel and known for its well-designed and fully furnished units combined with typical hotel services.

• client: SIGNA/ARE Austrian Real Estate
• location: Vienna
• year of assignment: 2017 - 2020
• service line: feasibility studies, operator search
• developer/owner: SIGNA/ARE Austrian Real Estate 
• operator/brand: Citadines by The Ascott Limited
• capacity: 223 units
• unique features: contemporary architecture, fully furnished apartments combined with typical hotel features such as food and beverage offerings and a gym; part of the overall district development VIENNA TWENTY TWO including apartments, office- and retail spaces