Aedifica has Sold it’s Belgian Hotel Portfolio of Six Hotels

Main Photo: Martin’s Hotel Brugge

Date: August 2019

Locations: Bruges, Leuven, Genk, Tongeren and Lanaken in Belgium

Names: Hotel Martin’s Brugge – 199 rooms; Martin’s Klooster, Leuven – 103 rooms; Carbon, Genk – 60 rooms; Eburon, Tongeren – 52 rooms; Ecu, Genk – 51 rooms; Eurotel, Lanaken – 79 rooms

No. of Keys: 544

Seller: Aedifica…Stefaan Gielens, CEO of Aedifica, commented: “Aefifica is pleased to complete the sale of its Belgian hotel portfolio. This transaction is the final part of Aedifica’s strategic development to become a 100% pure play investor in European healthcare real estate, once again putting the Group on the map as a reference in European listed real estate.”

Buyer: Pascal Savary, Chairman of Atream, said: “Atream is satisfied that it has successfully completed the due diligence audit and the acquisition of this portfolio, which fully meets the strategic ambition of SCPI Atream Hotels. With €250m of investments carried out in the Belgian tourism industry over the past year, Atream will continue to focus on this market.”

The purchase price was not disclosed.

THPT Comment: So another business, Aedifica choosing to exit the hotel business…not their thing, or do they know something we don’t?

First Seen: Europe Re

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