Vienna / Munich, February 2nd,
2026 – MHP Hotel AG has today taken
over the operation of the Andaz Vienna Am Belvedere under a new franchise agreement
with an affiliate of Hyatt. The hotel will be rebranded and operated under the
internationally established Hyatt Regency brand by April 2026. MHP Hotel AG is pleased to collaborate with
both Hyatt and WestInvest Gesellschaft für Investmentfonds mbH, a company of
DekaBank, who acquired ownership of the property at the same time. This franchise
agreement strengthens MHP’s positioning
in the premium segment of urban business hotels and forms part of the company’s
long-term growth strategy.
The hotel, featuring 303 rooms including 44 suites, is located in close
proximity to Belvedere Palace in Vienna’s 10th district. Opened in 2019, the
building was designed by the Vienna-based architectural firm Archisphere and
forms part of a larger urban development project at Schweizergarten. Its
architectural design references the heritage of the neighboring Belvedere
Palace and its builder, Prince Eugene of Savoy, who played a central role in
Vienna’s cultural history as a patron of the arts and military commander.
The transition from the lifestyle brand Andaz to the Hyatt Regency brand – part
of Hyatt’s Classics portfolio known for timeless style and exceptional care – reflects
the repositioning of the property. With more than 2,000 square meters of event
space —including a grand ballroom and numerous meeting rooms — the hotel is
geared towards business guests, conferences, and events. The Hyatt Regency
brand has nearly five decades of strong, trusted reputation among business
travelers and in the organization of meetings, incentives, conferences and
exhibitions (MICE), including large-scale events.
Dr. Jörg Frehse, CEO of MHP Hotel AG, emphasizes: “With the hotel’s rebranding as Hyatt
Regency Vienna, we are guiding the property into a new phase of development
while ensuring continuity for guests and partners. We are delighted to welcome
Hyatt as another strong brand at our
side—an important step in the expansion of our international brand portfolio.”
Hyatt also welcomes the future partnership with MHP Hotels. Michel
Morauw, Managing Director, EAME North, Hyatt, states: “The operational transition
of the hotel, together with MHP Hotel AG, is aligned with Hyatt’s EMEA
expansion strategy in collaboration with experienced and trusted franchiseowners
and operators. Under the Andaz brand, the hotel has become a staple in the city
in just six years, and in this new chapter under the Hyatt Regency brand – and
with the support of a franchise operator focused on quality, brand integrity, and
long-term value creation like MHP – we have no doubt that the best pages of the
hotel’s story are still to be written.”
The hotel will remain open throughout the management and brand transition
period. As part of a structured business transfer, all current team members
will be offered continued employment with MHP Hotel AG. All existing
reservations, event bookings, and ongoing contracts will also be assumed to
ensure a seamless transition for guests and business partners.
From a legal perspective, MHP was advised in connection with the
transaction by WMWP Rechtsanwälte GmbH, Vienna, Jung & Schleicher
Rechtsanwälte, Berlin, and GSK Stockmann, Munich. IBCOL Real Estate, Munich,
supported the transaction on the tenant’s side by conducting a technical due
diligence.