Christie & Co, an internationally operating real estate consultancy, has facilitated the sale of the property of the former Maxx by Steigenberger Hotel in Deidesheim, Rhineland-Palatinate. The acquisition was made by the MDI- MITTELDEUTSCHE IMMOBILIEN UNTERNEHMENSGRUPPE. The seller of the property was Dorje GmbH.
The property in Deidesheim comprises 124 rooms. It offers a gastronomic selection, including a restaurant and a bar. Additionally, event and conference facilities as well as various service areas are available. Christie & Co was exclusively mandated by Dorje International to market the hotel property, which enabled a targeted processing of the transaction. Confidentiality was agreed upon regarding the purchase price.
The property is located in the Palatinate wine region, a location considered attractive. The former hotel is attributed high development potential, both for future hotel concepts and for alternative uses. With the MDI- MITTELDEUTSCHE IMMOBILIEN UNTERNEHMENSGRUPPE from Leipzig, an investor has been secured who intends to develop and position the property long-term.
Buyer Profile and Market Indicators
The MDI- MITTELDEUTSCHE IMMOBILIEN UNTERNEHMENSGRUPPE is an owner-managed real estate company with its headquarters in Leipzig and branches in Berlin and Düsseldorf. The company focuses on the acquisition, development, and management of commercial properties. Through associated companies, it pursues a nationwide growth strategy in the real estate, hospitality, and asset management segments.
Sophie Paus, Senior Consultant Investment & Letting at Christie & Co, commented on the sales process and highlighted that a competitive marketing process generated broad investor interest. The choice fell on the MDI- MITTELDEUTSCHE IMMOBILIEN UNTERNEHMENSGRUPPE as a solid buyer with a clear future vision for the property. Furthermore, Dorje International expressed satisfaction with the completion and emphasised Christie & Co's professional management of the sales process. This transaction is considered proof of the undiminished attractiveness of German hotel investments and investors' interest in strategically well-located properties.
