PKF hospitality group was engaged to perform a recurring valuation assessment of the existing Grand Hotel Wien, Austria. The five-star luxury hotel opened in 1870 and has been operated by JJW Hotels & Resorts since 2002. Grand Hotel Wien features 175 guest rooms, 30 suites, five restaurants, various meeting facilities, a fitness centre and spa & wellness facilities. In addition, the hotel is directly connected to a shopping mall, Ringstraßen Galerie, and located on Ringstraße, the most beautiful boulevard in Vienna, home to many of Vienna’s best-known sights and historical places. Grand Hotel Wien is part of the Leading Hotels of the World Ltd., a collection of authentic and uncommon luxury hotels.

• client: Grand Hotel GmbH
• location: Vienna
• year of assignment: 2008 – 2020
• service line: valuations + appraisals
• developer/owner: confidential
• operator/brand: JJW Hotels & Resorts
• capacity: 205 units (175 guest rooms and 30 suites)
• unique features: prime location on Ringstraße in a historic building