The hotel does not receive any public funding that is not also available to other companies. Magdas Hotel must be self-financing, without losing sight of its ultimate goal: improving the lives of otherwise marginalised people. The project is based in a former Caritas retirement home, and financed via crowdfunding, rising € 57,306, plus a € 1.5m loan from Caritas Vienna. The design of each room was completed by furniture donated by the public, and also Caritas’s own used furniture shop, CARLA.
The hotel is a non-profit, although required to pay back the loan, the hope is to eventually turn a profit once the debt is repaid. Once the business is stable, revenue will be invested back into the business.
20 former refugees and 10 experienced hotel staff.
Stakeholders and Partners:
Caritas and around 30 organizations in the field of hospitality, social business, education, architecture, arts and design.