Union Funding Brings Hilton to Innsbruck/Austria


Hilton Backyard Inn Innsbruck — Picture by Hilton

As a part of a rebranding and in depth refurbishment programme, the previous Resort Ramada Innsbruck Tivoli is being considerably upgraded and repositioned within the Innsbruck lodge market. Union Funding has signed a long-term lease for 30 years with German lodge working firm HR Group. The lodge has been vacant since 31 July following expiry of the lease with the previous tenant.

The lodge is predicted to open on 15 December – in a transitional section as an impartial lodge – and can then be totally refurbished throughout ongoing operation. As soon as the refurbishment work has been accomplished, the lodge will probably be positioned out there underneath the Hilton Backyard Inn Innsbruck model. Hilton will enter right into a franchise settlement with the HR Group for the lodge.

The architecturally placing property has been held by open-ended actual property fund immofonds 1 since 2015. The fund is marketed solely in Austria. Union Funding and Hilton are collectively investing round EUR 4 million in upgrading the lodge from midscale to upscale.

The refurbishment work is because of be accomplished over the following 12 to 24 months. All 159 visitor rooms and bogs will probably be upgraded, as will the corridors, public areas such because the foyer, restaurant and bar, and in addition the wellness and convention services. The usual of fittings and furnishings within the lodge will probably be considerably improved general.

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