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Staycity Group has secured a second aparthotel site in Vienna after agreeing a long-term lease on a new scheme in the city’s 4th District, due to open in 2028.
The European operator has signed a 20-year lease with Vienna-based developer JP Immobilien for the property on Wiedner Hauptstraße in Wieden, close to Taubstummengasse U-Bahn station. Construction is expected to begin later this summer, subject to planning.
The development will combine new-build elements with the conversion of existing retail and office space. Plans allow for up to 300 self-catering apartments, including studios and one- and two-bedroom units, aimed at both short- and long-stay business and leisure guests.
Amenities are expected to include a gym, co-working areas, a café bar serving food throughout the day and an underground car park. Central Vienna can be reached in about 15 minutes, with cultural landmarks such as the Vienna State Opera, Karlsplatz and the Belvedere Palace nearby.
The project marks Staycity’s first partnership with JP Hospitality, the hospitality arm of JP Immobilien, and will operate under the Staycity Aparthotels brand.
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, said: “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, added: “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.”
Staycity Group opened Wilde, Vienna Fleischmarkt, a 136-room aparthotel in the city’s 1st District, earlier this year. The group operates 39 aparthotels across Europe, with around 6,400 keys, and has a development pipeline of more than 6,900 additional keys either contracted or in exclusivity.
