The Brno city council approved the sale of the Myslivna hotel

Brno - Hotel Myslivna, surrounded by forests, operates on the outskirts of Brno and is likely to change owners. The city of Brno wants to sell the property. The intention was approved today by the city councilors. According to the estimated price of the hotel, they believe that the city will earn at least 135 million crowns from the sale. This is the minimum price at which interested parties can apply, said Deputy Mayor Oliver Pospíšil today to ČTK.
    According to him, the city will likely prefer an investor who offers the most money for the hotel during the sale. However, interested parties will also have to meet additional conditions. Those who wish to participate in the bidding process will have to submit a ten million crown deposit. "So that adventurers don't make fun of us," said the deputy mayor.
    In addition, the future owner will likely have to operate the property as a hotel for the next ten years. The city will probably retain a right of first refusal during that time, the deputy mayor stated. According to Pospíšil, interested parties for the purchase are already coming forward.
    The city is selling Hotel Myslivna because, according to Pospíšil, it does not fit well into the portfolio of city assets. The current tenant is also calling for renovations, which the city does not want to invest in. It also does not want to commit to a long-term lease of twenty or thirty years in case the current tenant invests in modernizing the hotel, the deputy mayor said.
    The city wants to sell Hotel Myslivna this year. According to Pospíšil, the money obtained from the sale will be used to co-finance projects for which Brno will receive grants from the European Union.