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HVS Hodges Ward Elliott Advises on the Sale of 5 Belgian Hotels to CTF Development

Sale of 5 Belgian Hotels to CTF Development

HVS Hodges Ward Elliott is pleased to announce that acting on behalf of BRE Europe Hotel Holding and Alliance Hôtellerie, it has successfully 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 Liège Centre
  • 101-room Mercure Leuven Center
  • 87-room Alliance Hotel Brussels Airport
  • 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.

Frankfurt-based CTF Development is owned by the Cheng family in Hong Kong.

Contact:
Puneet Kanuga
Associate Director, HVS Hodges Ward Elliott
pkanuga@hvshwe.com  
+44 (20) 7878 7776