Oreda GmbH (Oreda), a boutique specialising in special real estate situations based in Frankfurt, has restructured a hotel project in Mittenwald, Upper Bavaria, together with the Hamburg-based transaction advisory boutique aedis Consult and the E+P Group (Rüsselsheim), which specialises in hotel project developments, and has now been exclusively entrusted with marketing to an end investor by the insolvency administrator Ivo-Meinert Willrodt of PLUTA Rechtsanwalts GmbH. The “Mountain Resort Mittenwald” project (originally “Silva Mountain”) will be positioned as a high-quality lifestyle and wellness hotel.
From insolvency to investment opportunity
The hotel project is located in an exposed location above Mittenwald with an unobstructed view of the village and the Karwendel mountains. Despite the exceptional location, the project was initially difficult to place on the market after the insolvency of the original project company.
“In its original structure, the project was de facto not acquirable for investors,” says Dr. Daniel Landgraf, Managing Director of Oreda. “Our task as a team was to identify the structural obstacles and reposition the project in such a way that it becomes economically viable for operators and investors alike.”
Optimisation of building law together with the market municipality
Oreda, together with the PLUTA team and the project partners, then entered into talks with the market town of Mittenwald in order to create the planning requirements for an economically viable hotel concept. In very constructive coordination with the municipality, the planning was optimised and the room capacity adapted to market requirements – a decisive step for the continuation of the project, as economic operation is only possible with the appropriate room capacity. On this basis, potential operators are currently being approached, which has already met with a positive response in the market. Thanks to the optimisation of planning, the clear positioning and the concrete interest of potential operators, the essential foundations for an investment product have now been created.
Oreda starts investor search
Following the restructuring and repositioning of the project, Oreda is looking for an investor to acquire the project and thus enable its completion before handing it over to an operator in the long term. The advanced planning, the adjusted room capacity, confirmed operator interest and the exceptional location in one of the leading tourism regions in the Bavarian Alps form an attractive starting point for investors.
“The case exemplifies how important it is to combine different disciplines in order to maintain values,” says Dr. Christopher Yvo Oertel, Managing Director of Oreda. Dr. Daniel Landgraf adds: “If, as here, we succeed in bringing together the capital structure, operator requirements, building law and real estate concept, viable solutions emerge even from difficult initial situations.”
