European aparthotel operator Staycity Group has announced the acquisition of a second site in Vienna, strengthening its presence in the Austrian capital with a new Staycity Aparthotels-branded property scheduled to open in 2028.
The scheme will be developed by Vienna-based JP Immobilien and its hospitality division JP Hospitality, with construction expected to commence later this summer. Staycity Group has secured a 20-year lease on the asset, which will comprise a mix of new-build and the conversion of existing retail and office accommodation.
Subject to planning, the aparthotel will provide up to 300 self-catering apartments, including studios, one- and two-bedroom units, targeting both short- and long-stay business and leisure demand. Amenities will include a fully equipped gym, co-working areas, a café bar serving food throughout the day, and an underground car park.
Located at Wiedner Hauptstraße 52 in Vienna’s 4th District (Wieden), the property benefits from excellent transport connectivity, with Taubstummengasse U-Bahn station nearby, along with multiple bus and tram routes. Central Vienna is accessible in approximately 15 minutes, while key cultural landmarks, including the Vienna State Opera, Karlsplatz and the Belvedere Palace, are within proximity.
Andrew Fowler, chief development officer at Staycity Group, said: “This acquisition marks our first partnership with JP Hospitality and represents an important step in expanding our Vienna footprint. The new aparthotel will complement our recently opened Wilde, Vienna Fleischmarkt, while also helping to set a new benchmark for the repositioning of the Staycity Aparthotels brand.”
Daniel Jelitzka, owner and managing partner of JP Immobilien, added: “With its prime location, scale and operator quality, the Staycity Aparthotel represents a blue-chip hospitality asset. JP Hospitality has brought its development expertise to ensure the project meets the expectations of core investors, both economically and in terms of long-term sustainability.”
Jürgen Wagner, head of property development at JP Immobilien, said: “Our ambition is to deliver projects that are architecturally and functionally compelling while creating genuine value within the urban fabric. This development in Wieden reflects that approach, with a strong focus on responsible resource use and long-term viability.”
Marc P. Werner and Sabrina Greubel of Hogan Lovells International LLP in Frankfurt acted as lawyers for Staycity Group during negotiations.
The announcement follows the recent opening of Wilde, Vienna Fleischmarkt, a 136-room aparthotel in Vienna’s 1st District. The property features interiors by designer Stephanie Barba Mendoza, celebrating the scale and character of the building’s 300-year-old heritage.
Staycity Group currently operates 39 aparthotels across Europe, comprising 6,400 keys. The group has a contracted pipeline of 5,400 keys and a further 1,500 in exclusivity.
