STAMFORD, CT—Starwood Hotels & Resorts Worldwide Inc. has closed on the sale of Hotel Goldener Hirsch, A Luxury Collection Hotel in Salzburg, Austria, to companies of the Wild Group for 20 million euros (approximately $22 million). Starwood will continue to operate the hotel under the Luxury Collection brand flag under a new long-term management agreement.
Thomas Mangas, CEO of Starwood Hotels & Resorts Worldwide Inc., said, “Our team continues to vigorously execute on all corners of our strategy to create value for Starwood’s shareholders, including meaningful progress on our asset disposition target. With this transaction, we have disposed of over $520 million of assets already in 2016, including five hotels transferred to Interval Leisure Group in connection with ILG’s acquisition of Vistana.”
Wild Group owns Hotel Schloss Mönchstein, located about a mile from Hotel Goldener Hirsch.
Dating back to 1407, the historic Hotel Goldener Hirsch building first opened as a hotel in 1564. It then became the Salzburg Festival’s premier residence when it was acquired by Countess Harriet Walderdorff in 1939. Named a UNESCO World Heritage Site in 1997, the hotel offers 70 guestrooms, including five suites, the Restaurant Goldener Hirsch, Restaurant Herzl and Bar Goldener Hirsch. The hotel is located on Getreidegasse Rd., in Salzburg’s Old Town, in close proximity to boutiques, Mozart’s birthplace, Festival Hall and The Hohensalzburg Fortress.