Valamar expands portfolio in Obertauern with Hotel Kesselspitze

Published 04. July 2022.

Valamar continues to expand its portfolio in Obertauern, Austria, with the acquisition of luxury hotel Kesselspitze. It will become the third hotel in Obertauern managed by Valamar and the first Valamar Collection hotel in Austria. Hotel Kesselspitze has been the property of the Lürzer family, recognized for their efforts in developing the tourism offer of the entire Obertauern destination.

Portfolio internationalization with focus on winter destinations in the Alpine region is one of Valamar's strategic goals since 2018 and the opening of the first 4* hotel under the Valamar brand in Obertauern, the Valamar Obertauern hotel. Valamar's portfolio expansion in Austria continued in 2021 with the acquisition of Marietta Hotel in Obertauern and the installment of a new ownership structure in Valamar A GmbH, an SPV group in which Valamar is a minority investor but provides hotel management services to the entire portfolio.

Hotel Kesselspitze 5* is one of the most famous hotels in Obertauern and is positioned in an excellent location with direct access to the ski slopes. It has 66 keys, a restaurant, an indoor pool and wellness facilities. The Valamar Collection brand represents the highest level of services and comfort for guests and a range of signature services that Valamar will offer to Hotel Kesselspitze guests'. It will be the first Valamar Collection hotel in Austria, opening in the winter season 2022/2023.

"The internationalization of business through portfolio expansion in Alpine winter destinations is one of Valmar's strategic goals. The acquisition of the third hotel in Obertauern represents another significant step in the realization of business synergies, especially the year-round employment of our seasonal employees,” said Željko Kukurin, CEO of Valamar Riviera.

Valamar plans to continue with portfolio development investments in Austria, hence Valamar Obertauern Hotel 4* will welcome the 2022/2023 season with a brand new indoor pool which is currently under construction.