Tag: BAI

Ritz Vienna at the ready

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Business

Vienna will get a Ritz next year, it was confirmed yesterday (Tues). A group of Kazakh investors signed contracts with Austrian real estate company Bauträger Austria Immobilien GmbH (BAI) in Vienna. The business partners said afterwards that a new hotel of the famous brand would open in the city in the second quarter of 2012. […]

Shangri-La makes shock U-turn over Vienna hotel project

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Business

The future of a planned five-star hotel in Vienna is uncertain after Asian hotel chain Shangri-La pulled out.Real estate developer Bauträger Austria Immobilien GmbH (BAI) said today (Weds) it was “totally surprised” about Shangri-La’s decision to cancel their contract, saying the cooperation has so far been “very good”. BAI made clear: “The contract cannot be […]