Deka buys Hotel Andaz in Vienna for €92 million

The Vienna hotel market has made a big start to the year: Deka Immobilien has completed the purchase of the five-star Andaz Vienna Am Belvedere hotel for €92 million. The property will be added to the assets of the Westinvest Interselect open-ended real estate fund. Andrea Fruhstorfer, the insolvency administrator,…