Daniel Jelitzka, one of the country’s largest real estate developers, explains how and why he invests (inter)nationally in hotels – and in coffee houses. But the real estate crisis is not over yet.
“Kron”: We are sitting in Café Prückel, which you own, like several Viennese hotels: Are the coffee houses doing poorly despite the lines out the door?
Daniel Jelitzka: The queues out the door are going well: but I don’t know if they deserve the term Viennese coffee house. There are almost no Viennese. As a coffee house operator, this is not easy: you can do it with at least 150 seats. Transfer is a problem in small coffee houses. Landlords then have the option to increase the rent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
