DGAP-News

NOVUM HOTEL GROUP and IMMOFINANZ introduce new hotel landmark in Vienna

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous NOVUM HOTEL GROUP and IMMOFINANZ introduce new hotel landmark in Vienna 19.01.2017 / 12:16 The issuer is solely responsible for the content of this announcement. * IMMOFINANZ expands Business Park Vienna to include a hotel for the myhive Twin Towers

* Holiday Inn Vienna - South has 201 rooms across 22 stories

* Opening planned in early 2019

Hamburg/Vienna, 19 January 2017

Vienna's tourism sector remains on a success course: the number of
overnight stays recently topped 14 million, with 40 per cent of the guests
coming from foreign countries and a trend that is pointing upward. This
steadily growing hotel market has now been selected as the location for a
new project by the rapidly expanding NOVUM Hotel Group and the IMMOFINANZ
real estate corporation. In less than two years, a new hotel landmark will
open on the Wienerberg - the Holiday Inn Vienna - South with 201 rooms.

"This project will complement our hotel portfolio at the central railway
station and the Vienna Trade Fair by adding a further, excellent location
for our guests", explained David Etmenan, Chief Executive Officer & Owner
of the NOVUM Group.

The new hotel has been signed as a franchise agreement with
InterContinental Hotels Group (IHG), one of the world's leading hotel
companies. In 2016 NOVUM and IHG signed a Multiple Development Agreement
(MDA) to develop twenty hotels across Europe. This is the sixth development
to be signed under the MDA.

IHG has 662 hotels in Europe, including 283 Holiday Inn hotels. This will
be the company's sixth hotel in Austria.

One of the highlights of this new hotel and office high-rise will be the
panorama breakfast restaurant on the 22nd floor and an Open Lobby, an open
space at the centre of Holiday Inn hotels, which enable dwell time for
guests and an inviting environment in which they can work and enjoy leisure
time within the heart of the hotel. It will also feature a 90 sqm meeting
room.

"This new hotel by the NOVUM Group is the perfect addition to the expanded
offering for our tenants in the myhive Twin Towers and the Business Park
Vienna. We recently completed the modernisation of the shopping mall and