The renovation and building work on the new Meininger Hotel Salzburg City Center ran from October 2010 to March 2011; the new budget hotel at Fürbergstrasse 18-20 is now complete and has been handed over to the operator, the German MEININGER Group. After a pre-opening phase from 12 April, the official opening of the new establishment will take place on 5 May. The hotel is offering 101 spacious and economically-priced rooms to Austrian 3-star standard on a gross floor space of about 5,000 sqm with immediate effect. The new hotel location in Salzburg is situated immediately in front of the “Zentrum im Berg” centre and connects directly to the shopping mall of the same name, while the old town can be reached in about ten minutes on foot. Another Meininger Hotel, planned for completion in October 2011, is under construction on Rembrandtstrasse, in 1020 Vienna. CA Immo’s investment volume in the two properties is about € 16 million.

The intelligent Meininger spatial design concept and a flexible structure of beds offer solutions for a very wide variety of target groups and requirements. For example, in addition to the classic single and double rooms, guests can also book multi-bed rooms or individual beds. The rooms on the fifth floor all have their own terraces and an additional sun terrace for common use provides a view over the vibrant city of Salzburg, with an area of about 130 sqm. A conference room is also available for guests as well as other facilities including an in-house ski store, a bar and lounge, a small stage, a kitchen for guests and a games room with pool table and table football.

About MEININGER

MEININGER is a budget hotel chain. Founded in 1999, the company operates eleven hotels, three of which are located outside of Germany (in Vienna and London). Thanks to a strategy of offering a central location and good quality at an attractive price, MEININGER has succeeded in expanding rapidly, at least doubling its turnover every two years throughout the past decade of operations. This trend will guide the company’s strategic expansion for the next five years. At the end of 2009, MEININGER won the European Hospitality Innovation Award; the company’s blue chip status was also confirmed with an A-rating in the TREUGAST Investment Ranking. The group’s head offices are in Berlin.

About CA Immo

CA Immo, which was founded in 1987, develops and invests in commercial real estate (with the emphasis on offices) in Austria, Germany and Central Eastern Europe. As at January 2011, the total property assets of the group had a value of around € 5 bn. CA Immo is listed on the Vienna Stock Exchange, with free float of around 83 % at the present time.

Please address any questions to:
CA Immobilien Anlagen AG

Susanne Steinböck
Tel.: +43 1532 5907 533
E-mail: steinboeck@caimmoag.com
www.caimmoag.com