Saturday, 20. December 2014
19. 12. 12. - 17:00
One of Austria's best known hotels – the Hotel Panhans with its spectacular panorama view over the Semmering region - has been sold for five million Euros.
The hotel which went into liquidation has now been saved after a long drawn out insolvency case.
The Mostviertler company IBS is said to have transferred five million Euro to the liquidator Gernot Hain and the insolvency proceedings have been closed by the court.
IBS Umwelt- und Verkehrstechnik GmbH an architectural and engineering company owned by Thomas Schellenbacher (75 per cent share) and Ukrainian Igor Palytsia (25 per cent share) have bought 92 per cent of the shares in the hotel.
The traditional hotel reportedly had debts of around 3 1/2 million euros which are owed to two banks and various other creditors.
The hotel is expected to be renovated and to be run in the future as a hotel.
According to information available the firm Pöchlarner IBS Umwelt- und Verkehrstechnik GmbH, and architects and engineers office has a turnover of around 3,000,000 euros a year according to figures for 2010.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
Kid Left In Coma After Beaten By Teacher For Talking
This is the shocking image of a little Chinese girl before and after she was punished by her teacher - for talking in class.
Freezing Rain Causes Chaos In Central Europe
Freezing weather has arrived in Europe with a vengeance with a layer of ice blanketing parts of Austria, Germany and the Czech Republic and causing traffic chaos.
Holey Smoke As Car Disappears Down Sinkhole
Motorist Wei Hsiao found himself in a hole lot of trouble in China when a giant sinkhole opened up on the road beneath him, swallowing his entire car.
Shock Moment Police Helicopter Explodes On Street
This is the moment a police helicopter exploded into a spinning ball of flame in Chile when a fire truck clipped one of its rotors.
More Than Twenty 100,000 GBP Motors Used In Bridal Convoy
A Chinese couple who wanted to have the most expensive wedding convoy possible arranged for a convoy of top of the range cars including a stretch Hummer followed by Lamborghinis, Porsches and other VIP motors.
Riot Police Star In Downs Syndrome Calendar
Spanish riot police have joined forces with Down's syndrome kids to take part in a special calendar for charity.
Chinese Nuclear Winter Smog Leaves Clinics Full
Fresh proof of Chinese scientists' claims that the country's toxic air pollution resembles a nuclear winter are shown by these images that show clinics and hospitals packed with patients suffering with trouble breathing.
The most popular stories –
last 7 days
|UN Security Expert Says One Jihad Poster Girl Is Dead|
|Ebola's deadly reach impacts Vienna student|
|Russian Cops Beat Man To A Pulp In Front Of Children|
|Grigorij Sokolov Works His Magic At Vienna Konzerthaus|
|Porsche Driver Crushed After Ploughing Into Lorry|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.