Vienna International Hotelmanagement AG is terminating its management contract for the 5-star Hotel Palace effective 30 June 2013 by mutual agreement with the owners. “Our market presence in the Czech capital remains large regardless of this change – with six hotels and 2,017 beds, we are still one of the biggest hotel providers,” Dr. Andreas Karsten, CEO Vienna International Hotelmanagement AG, explains. The employees are not affected by this change and will remain in the hotel.
VI is setting a milestone in the announced growth strategy with the take-over of the 4-star Arcadia Hotel Coburg, a member of the German hotel group Arcadia. The new hotel will be promoted via sales channels of the Austrian Hotel Manager VI.

Vienna International Hotelmanagement AG
Vienna International Hotelmanagement AG was founded in 1989. On the basis of individual management contracts, Vienna International operates and is developing a total of 30 first-class hotels & resorts and 2 hotel projects. The portfolio, which includes one Leading Hotel of the World, comprises city, resort, spa and conference hotels in nine European countries: Austria, the Czech Republic, Poland, Croatia, France, Germany, Romania, Slovakia and Russia. In addition to holiday and leisure products internationally, e.g. in Loipersdorf, Salzburg, Carlsbad and Opatija, the focus of the destinations is on business centres such as Salzburg, Munich, Berlin, Paris, Prague, Cracow, Łódź, Bucharest and Ekaterinburg. More information about VI is available online at www.vi-hotels.com.