MBI International News & Press: 23/08/2002
The Times - Sale of Grand Hotel Wien
The five star Grand Hotel in Vienna has been sold by All Nippon Airways to JJW Hotels & Resorts, the French hotel operator controlled by Mohamed Bin Issa Al-Jaber of Saudi Arabia, for about £69 million.
The sale through Jones Lang LaSalle Hotels, is one of the biggest hotel transactions since September 11.