LONDON, April 15, 2019 – Hamilton Hotel Investors and Centerbridge Partners have completed the acquisition of a portfolio of nine hotels located in Belgium and France from WNE Investor S.À R.L. The hotels comprise 1,120 keys in total and are located in some of Belgium’s key commercial and tourism destinations (Antwerp, Hasselt, Ghent and Liege) and Calais in France. Five of the nine hotels operate under the Holiday Inn and Holiday Inn Express brands, and Hamilton Hotel Partners will assume management of the portfolio going forward.
“We are excited to acquire the Brabo hotels and to work in close partnership with the team at Hamilton. We look forward to leveraging our operational and capital experience to add value to the hotels,” said Steven Skaar, Senior Managing Director at Centerbridge Partners.
“This is an extremely compelling opportunity to add value to a portfolio of hotels in robust markets, and we look forward to working closely with Centerbridge to realize the hotels’ full potential,” said Frank Croston and Chris Evans, Partners at Hamilton Hotel Investors, in a joint statement.
The new owners are planning a series of capital expenditure initiatives including refurbishment to guestrooms, F&B and public spaces, to improve the overall guest experience and enhance the hotels’ market position in their respective markets.
JLL, as the sole exclusive advisor, represented the seller on this transaction.