The Swiss investment group Brisen has successfully signed an operating agreement with the international luxury hotel chain Mandarin Oriental, transforming the former commercial court in Riemergasse in the heart of Vienna into a magnificent five-star hotel. In addition, 17 luxury apartments are being built on the top floors, which will be sold. The portfolio of the Southeast Asian hotel group includes hotels in Asia, Europe, the Middle East, Africa, and America – the Mandarin Oriental Vienna will be the first hotel of the luxury chain in Austria.

Brisen Group acquired the property in autumn 2016. Until the opening of the luxury hotel in 2023, the Swiss company will invest more than EUR 100 million in the expansion and comprehensive modernization of the former court building. A total of 151 rooms and suites, a top-class restaurant, a spa area with swimming pool and fitness center, and banquet and conference facilities will be created for the Mandarin Oriental hotel on approximately 17,000 m² of floor space.

E&H, under the leadership of partner Dr. Alric A. Ofenheimer, has been advising the Brisen Group on this, their first investment in Austria, since 2015. In addition to real estate and corporate law, the E&H team advised the Group on all financing issues relating to the project. Once again, E&H has demonstrated its ability to successfully oversee complex construction and real estate projects over the long term, and underscores its leading position in hotel investments.

“We are very pleased that we have successfully mastered the next stage in this challenging project together with the Brisen Group, and that the former Commercial Court of Vienna will soon shine in new splendor,” said Dr. Alric A. Ofenheimer. “Developing and implementing this complex project was particularly exciting for us and required a combination of experts within our firm. In such challenging times, this project is a particularly important sign for the Austrian tourism industry.”

Eisenberger & Herzog

Dr. Alric A. Ofenheimer (Partner, Corporate/M&A, Real Estate), MMag. Dr. Christopher Engel (Partner, Corporate/M&A, Real Estate), Mag. Helena Neuner (Associate, Corporate/M&A, Real Estate), Mag. Wolfgang Köfer (Associate, Corporate/M&A, Real Estate), MMag. Dr. Josef Moser, LL.M. (Associate, Corporate/M&A, Real Estate), Dr. Marcus Benes (Partner, Banking & Finance), Dr. Laurenz Liedermann (Partner, Banking & Finance), Mag. Karoline Hofmann (Attorney, Banking & Finance), Mag. Ulrike Sehrschön, LL.M. (Partner, Public Law), Titus Kahr, LL.B., LL.M. (Associate, Public Law), Dr. Andreas Zellhofer (Partner, Competition Law, IP/IT)