Advisory firm Christie & Co has been exclusively mandated to handle the sale of the Best Western Plus Bautzen. The sale of the long-standing property in the historic old town is taking place via a structured bidding process. The transaction is structured to be commission-free for the purchaser.
Floor space structure and usage concept in the city centre
The property is situated in a central city centre location directly opposite the Bautzen Reichenturm. It is a mixed-use property with a total lettable area of approximately 6,918 square metres. The main component is the hotel area, which accounts for around 5,859 square metres. The building ensemble is complemented by separately let office and retail spaces, providing the property with a diversified income profile.
- —156 hotel rooms as well as five meeting and conference rooms
- —In-house restaurant and bar operations
- —Wellness area with fitness and sauna facilities
- —Integrated office and retail units on the ground and plinth levels
The property will be handed over free of any operator tie. This unencumbered status provides future owners with operational flexibility for a strategic realignment or repositioning of the hotel brand. In recent financial years, the business has demonstrated stable operational performance. Alongside consistent occupancy rates, generated annual turnover has regularly hovered just below the five million euro mark.
Bautzen as a business location and transaction procedure
As the cultural and administrative centre of Upper Lusatia, the town benefits from a diversified guest mix. The catchment area generates sustained demand from industry, municipal administration, business travel, as well as city breaks and cultural tourism. In addition, the location benefits from good transport links in the tri-border region of Germany, Poland and the Czech Republic, with direct access to the Bundesautobahn 4 and Dresden International Airport.
Robin Barth, Associate Director Investment & Letting at Christie & Co, considers the offering to be a rare opportunity to acquire an established hotel in an economically resilient region. The combination of a stable revenue base and contractual freedom from operator agreements offers substantial scope for future value enhancement. In the course of the marketing process, interested buyers are invited to submit indicative bids.
