Binder Groesswang has advised UniCredit Bank Austria AG in connection with financing provided for the construction of The Student Hotel Vienna, which was represented by Wolf Theiss.
The Dutch group The Student Hotel, based in Amsterdam, is currently constructing its first Austrian location in Nordbahnstrasse in Vienna’s second district.
According to Binder Groesswang, The Student Hotel Vienna will offer modern fully-furnished rooms for hotel, short stay (young professionals and expats), and student guests, along with co-working areas and retail and service areas of over 37,000 square meters of usable space.
The Student Hotel operates hotels at 11 locations, including Amsterdam, Paris, and Barcelona with 14 additional locations currently under development throughout Europe. The opening of The Student Hotel Vienna is expected in the second quarter of 2020.
The Binder Groesswang team consisted of Partner Emanuel Welten, Senior Associate Robert Wippel and Associate Adrian Zuschmann.
The Wolf Theiss team was led by Partner Karl Koller and Counsel Leopold Hoher and included Associates Elias Pressler and Patricia Backhausen.