Binder Grösswang advises UniCredit Bank Austria on the financing of The Student Hotel Vienna

Binder Grösswang has advised UniCredit Bank Austria AG in connection with the financing of the construction of The Student Hotel Vienna.

The Dutch group The Student Hotel, based in Amsterdam, is currently constructing its first Austrian location in Nordbahnstraße in Vienna’s second district. The Student Hotel Vienna will offer modern fully-furnished rooms for hotel, short stay (young professionals and expats) and student guests and co-working areas as well as retail and service areas on over 37,000 square meters of usable space. The Student Hotel is operating hotels at 11 locations, including Amsterdam, Paris and Barcelona with 14 additional locations being currently under development throughout Europe. The opening of The Student Hotel Vienna, which upon its completion will be the biggest hotel in Austria, is envisaged for the second quarter of 2020. 

In addition Binder Grösswang’s mandate included advising UniCredit Bank Austria AG on all questions related to the structuring and implementation of the Austrian law financing.

Binder Grösswang’s team consisted of Emanuel Welten (Partner; Banking & Finance), Robert Wippel (Senior Associate; Banking & Finance) and Adrian Zuschmann (Associate; Banking & Finance).