Vienna Grand Hotel is insolvent
Now the Grand Hotel at Kärntner Ring 9 in Vienna is also insolvent.
On Thursday, a bankruptcy proceeding was opened for the Vienna Grand Hotel at Kärntner Ring upon a creditor's request, reported the KSV.
Erste Wiener Hotel AG in Bankruptcy Since May
The subsidiary of Erste Wiener Hotel AG was initially spared from its bankruptcy in mid-May, but is now also insolvent. According to KSV, more details were not available at first. Erste Wiener Hotel AG is associated with the Saudi-Austrian investor Mohamed Bin Issa Al Jaber.
(APA/Red)
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