Wolf Theiss advises FM 33 on the sale of Hotel Josefine in Vienna to HOTUSA Group

Vienna, 16 April 2026 – Wolf Theiss has successfully advised FM 33 GmbH & Co KG on the sale of the boutique Hotel Josefine in Vienna’s 6th district to the Spanish Hotusa Group. The transaction emphasizes the continued interest of international investors in clearly positioned hotel properties in Vienna.

Hotel Josefine is located in Vienna’s 6th district, in the immediate vicinity of the Naschmarkt and Mariahilfer Straße. The hotel was taken on lease in 2019 and redesigned as part of a comprehensive development and repositioning process. Following completion of the refurbishment works, the hotel reopened in June 2021 as a boutique hotel with a distinctive design in the style of the 1920s and 1930s. In 2025, the hotel was awarded a MICHELIN Key for outstanding design and excellent service.

The new owner is taking over the hotel in line with the existing concept and will continue operations unchanged. All staff members will be retained as part of the transaction. This ensures the handover of a hotel product that is well established in the market and is set to maintain its quality and focus in the future.

Wolf Theiss provided FM 33 with comprehensive advice on all legal aspects of the transaction, particularly with regard to real estate law and transaction‑related issues. The transaction was structured as an asset deal and focused on the hotel’s operational assets.

The Wolf Theiss team was led by Partner and hotel expert Stefan Horn, supported by Associate Madlen Rimmele (both Real Estate).

“We follow a clear strategy: we acquire hotels, reposition them, refine their concept and bring them back to the market at the right time. The successful sale of Hotel Josefine demonstrates that hotel assets can be marketed very effectively, particularly against a backdrop of rising overnight stays in Vienna and sustained growth in tourism across Europe.”

–  Daniel Jelitzka, Owner and Managing Partner of JP Immobilien

“The sale of Hotel Josefine demonstrates that clearly positioned boutique hotel concepts in central urban locations continue to attract significant international interest. We are delighted to have provided legal support to FM 33 on this transaction.”

– Stefan Horn, Partner

On the buyer side, Cerha Hempel acted as legal adviser.