- 4-star house with 185 rooms plus retail and catering areas
- Inner-city location opposite the Frauenkirche
News ReleasesCommerz Real buys Steigenberger Hotel de Saxe in Dresden
Time to read3 min.
updated at02/08/2024
CategoryPressemitteilungen
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.
We are therefore delighted that we have now been able to acquire this top property with an internationally leading operator as part of an off-market transaction for our investors.
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.
Commerz Real AG is the asset manager of the Commerzbank Group and has 50 years of international market experience. The company combines extensive know-how in asset management with broad structuring expertise and uses this expertise to develop tangible asset-oriented fund products and individual investment solutions in the real estate and infrastructure sectors. As a leasing service provider of Commerzbank, Commerz Real Mobilienleasing also offers needs-based leasing concepts.
Since 2025, the Commerzbank Group’s asset management holdings have been bundled with Commerz Real AG. In addition to Commerz Real’s brands and products, these include the Aquila Capital investment company with a focus on sustainable tangible asset investments in the area of energy infrastructure and Yellowfin as a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of around 1,000 employees manage assets of around EUR 55 billion at around 20 locations.
A Commerzbank Group company