Le Meridien Hotels & Resorts has signed a lease to open a 300-room, five-star hotel in the heart of Vienna. The development will be set behind a listed façade dating from 1864, opposite the Opera House and adjacent to the Kårtnerstrasse shopping area, with completion due in late 2003. This represents a unique opportunity for Le Meridien given the stagnant quality supply growth the city has witnessed over the past decade, commented Chrostoph Hårle, senior vice president of Jones Lang LaSalle Hotels, who negotiated the lease.
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