City-Motel Brand "LetoMotel" expands to Austria
Hotel opening planned for 2021
LetoMotel is a consistently developed city motel brand that has grown to 7 establishments with over 900 rooms on the German market since the first LetoMotel opened in Munich in 2010. The main focus is on the German-speaking market, including the planned hotel in Vienna. An institutional investor acquired the hotel in a forward deal even before construction was completed. The opening of the hotel is planned for 2021. The LetoMotel Wien is being built directly at the intersection of the Linke Wienzeile and the Sechshauser Gürtel, near the world-famous Schönbrunn Palace and the Vienna Naschmarkt. The hotel will have 211 rooms, a large breakfast room, as well as a restaurant, a bar and a garden with a green area.