ubm development
Hyatt Signs With UBM Development for Andaz Prague Marking Brand Debut in Czech Republic
Andaz | November 26, 2019
CHICAGO (November 26, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement for the first Hyatt property in the Czech Republic. The “Sugar Palace” hotel project, currently being developed by UBM Development AG, will become the new Andaz Prague. Located at Senovážné Square, only a short walk from Prague’s world-famous Old Town, the 175-room hotel is expected to open in 2022. Andaz Prague will be among the first luxury lifestyle hotels in the Czech capital. A juxtaposition of heritage and modernity, and echoing the sights, sounds, scents and tastes of its surround...
Vienna International Hotel Management AG and UBM Hotels Management GmbH Establish Joint Venture
Vienna House | October 1, 2018
Vienna, October 1, 2018 – UBM hotels Management GmbH, a subsidiary of Europe's leading hotel developer UBM Development AG, and Vienna International Hotel management AG (Vienna House), Austria's largest hotel company, have signed a joint venture agreement with the aim of growing together in Central Europe with new franchise hotel projects. The business purpose of the joint venture is the management as operating company of new projects in Central Europe under international franchise brands. The 50/50 joint venture with registered seat in Munich will be established retroactively from 1 January 2018 with the name UBM+VH Hotels GmbH. "...
