CBRE is privileged to be mandated on an exclusive basis to advise on Project M&M – the prospective sale of the Prague Marriott Hotel and the Millennium – a high-profile mixed-use complex nestled in the heart of Prague’s Old Town.

The Complex occupies an ideal location in Prague, a stone’s throw from the train station and in close proximity to prestigious corporate occupiers and leisure demand drivers like Old Town Square and Charles Bridge. Several large developments are currently underway nearby, which will further strengthen the neighbourhood and boost foot traffic.

Project M&M comprises a 416 room hotel with four food & beverage outlets, c. 1,200 sqm of MICE area and extensive leisure facilities and ca 10,500 sqm of office, retail and leisure space. The Property also boasts one of the largest underground parkings in Prague’s city centre, with no new competition in the short to medium term, due to the current city restrictions on underground depth for developments.

The Hotel component is operated by Marriott International under a Hotel Management Agreement, offering an incoming investor an exceptional opportunity to partner with one of the world’s leading hotel brands.

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Yours sincerely,

CBRE