Vienna Marriott Hotel in Austria has been acquired by an international investor consortium from CPI Europe, which is strategically repositioning its assets.

UK-based business property adviser Christie & Co has advised CPI Europe on the sale of the property, situated on Vienna's Ringstraße.

The operational closing of the sale is set for January 2026, almost 40 years after the hotel's inauguration on 1 July 1985.

Featuring 328 rooms and suites, the Vienna Marriott Hotel was the first Marriott property in Austria and will continue to operate under a long-term management agreement with Marriott International.

Christie & Co Central and Northern Europe Hotels managing director Lukas Hochedlinger said: “This transaction is among the most significant hotel sales in recent years and highlights the attractiveness of the Austrian hotel investment market.

“Vienna, in particular, remains a focal point for international investors, as reflected in the strong interest throughout the sales process. It was an honour to support CPI Europe in the sale of this trophy asset.”

BPV Hügel provided legal and tax advisory services to the seller during this transaction.

In related news, Christie & Co recently reported that the Knights Hill Hotel and Spa in north-west Norfolk, UK, is on the market for £7.95m ($10.76m).

The company also announced last month that it is facilitating the sale of the Crowne Plaza hotel in Ealing, London.

The freehold property is now trading under a franchise agreement with Crowne Plaza and offers potential buyers the opportunity to rebrand, self-brand, or renew the existing agreement.