HVS Hodges Ward Elliott Advised On Sale of Five Belgian Hotels
Friday April 12th, 2013 - 11:00AM W
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BRUSSELS, BELGIUM—HVS Hodges Ward Elliott, acting on behalf of BRE Europe Hotel Holding and Alliance Hotellerie, has arranged the sale of shares in the owning companies of five Belgian hotels to CTF Development.
The properties are the 201-room Mercure Brussels Center Louise, 105-room Mercure Liege Centre, 101-room Mercure Leuven Center, 87-room Alliance Hotel Brussels Airport and 79-room Alliance Hotel Brussels Expo.
All five hotels will be fully renovated and rebranded under the pentahotels brand, taking the total number of pentahotels in Europe to 24.
Tags: • Hospitality •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.