There is no interest in the Brno hotel Myslivna

Brno - There is no interest among investors in the Brno hotel Myslivna on the outskirts of the city. The Brno city hall offered the facility for a minimum price of 135 million crowns. However, no interested parties registered for the bidding process, said Oliver Pospíšil, the deputy mayor of Brno, adding that the city will now have to come up with another plan.
    According to Pospíšila, one of the reasons for the lack of interest may be the current crisis in the United States. It may have deterred potential investors, who decided to wait with their plans, he stated. A new bidding process with a lower minimum price is being considered. "Or we can let it sit for a while; nothing is pressuring us extremely," Pospíšil added.
    The current tenant has long been calling for renovations. The city does not want to invest funds into the area in the middle of the forest near the district of Kohoutovice and also does not want to commit to a long-term lease in case the current tenant invests in the modernization of the hotel. On the contrary, the city would like to completely rid itself of the hotel. It is said to not fit well into the portfolio of municipal property.
    Originally, the city wanted to sell the area this year. The money raised from the sale was to be used to co-finance projects subsidized by the European Union. With the help of the EU, the city hall wants to build a new train station or improve access to the city's underground, for example.
    The city of Brno owns a number of buildings, primarily in the city center. It also owns lucrative land, for instance, around the planned train station or under the Boby Center sports and entertainment complex.