News ReleasesCommerz Real buys Steigenberger Hotel de Saxe in Dresden

Commerz Real has acquired the 4-star “Steigenberger Hotel de Saxe” in Dresden with 185 rooms for its open-ended real estate fund Hausinvest. It is operated by Deutsche Hospitality under a long-term lease agreement. The total rental area of the property is 13,500 square metres, of which the hotel accounts for 12,300 square metres. Built in 2006 and most recently extensively renovated in 2019, the house offers a restaurant, a lobby bar, a spa and wellness area as well as meeting rooms. There are also four retail spaces on the ground floor and basement of around 1,200 square metres (rented to Geox Schuhe, Perfumerie Douglas, Photostudio Picture People and Brocante Antik) as well as another restaurant operated by the Radeberger brewery.

The 'Steigenberger Hotel de Saxe' has been on our wish list for some time," says Dirk Schuldes, Global Head of Hospitality and Shopping at Commerz Real.

Rolf Berg, Senior Director Asset Management at Deutsche Hospitality, adds: “As a successful hotel operator, we can thus deepen our proven good partnership with Commerz Real in Dresden.”

Located directly on Neumarkt, the hotel is located in the heart of the inner old town, directly opposite the Frauenkirche. Semperoper, Zwinger, Residenzschloss and the central train station are within walking distance.