Triad for Vienna

March 5th, 2007

On February 26th, 2007 the long-term partnership between the princely family foundation Schwarzenberg and Sheikh Mohamed Bin Issa Al Jaber, Chairman of the JJW Group, was determined and the contract signed. Sheikh Mohamed Bin Issa Al Jaber, who owns the Grand Hotel Wien and the hotel „The Ring“ in Vienna, was entrusted the right of use of the hotel `Palais Schwarzenberg'.

The reason for the acceptance of Sheikh Mohamed Bin Issa Al Jaber was the strong anchorage of the family Schwarzenberg within the project, the sensible strategy for the historical substance as well as the positioning of the hotel „Palais Schwarzenberg“ within the existing portfolio together with the Grand Hotel Wien and the hotel „The Ring“. Johannes Schwarzenberg, Managing Director of the Palais Schwarzenberg Betriebsgesellschaft m.b.H., added: „We favour doing business with a personally known owner. This has advantages compared to big, anonymous companies.“
„I am pleased to add the wonderful hotel `Palais Schwarzenberg' to our Luxury Collection, I express my thanks to the family Schwarzenberg for their confidence in our work and I look forward to a long-term partnership,” says Sheikh Al Jaber proudly.

Now a big solution for the hotel „Palais Schwarzenberg“ will be realised. Probationary boring for the underground garage will start immediately. If no archaeological risks appear, the extensive reconstruction can start promptly. It was agreed on the construction of an underground garage, the renovation of the palace, the realisation of the winner project of the international architect contest for the development of the glasshouses, from which further rooms will emerge, as well as the construction of a spa area. The reconstruction will be realised in close cooperation with the authority for monument conservation. The re-opening of the palace hotel is planned for 2011.

„We will position the hotel `Palais Schwarzenberg' as high-end-product. It will become the most beautiful hotel in whole Europe!“ says the Representative of the Sheikh and  Managing Director Karim Jalloul.

With the new 6-Star-Deluxe-Hotel 120 new, safe and long-term jobs will be provided.