Brussels Airport Company Acquires Sheraton Airport Hotel

Main Photo: Sheraton Airport Hotel, Brussels

Date: January 2019

Location: Brussels Airport, Belgium

Name: Sheraton Brussels Airport Hotel

No. of Keys: 294

Seller: Airport Hotel Belgium BVBA

Buyer: Brussels Airport Company has signed an agreement to acquire Airhotel Belgium BVBA, the company owning the Sheraton Hotel at Brussels Airport.

With this acquisition, Brussels Airport will take control of a strategic location right in front of the terminal building and will invest in a high quality internationally branded hotel.

The closing of the transaction remains subject to customary closing conditions including the approval by the European Commission.

Situated right in front of the terminal building, the hotel offers besides guest rooms, 21 conference rooms with a maximum capacity of 1,500 persons, a restaurant, a fitness centre and its own parking garage.

Upon closing of the transaction after clearance by the European Commission, Brussels Airport will acquire 100% of the shares in Airhotel Belgium BVBA.

“The acquisition of the Sheraton hotel is important for Brussels Airport as it allows us to fully integrate the hotel in our future development plans in this strategic area. We look forward to continuing the successful operation of the Sheraton together with the hotel teams, contributing to the high quality services Brussels Airport offers to its passengers and visitors”, explains Brussels Airport Company’s CEO Arnaud Feist.

The hotel will continue to be run under the Sheraton brand.

Price: Undisclosed

THPT Comment: Airports owning hotels…we have seen quite a bit of that in Europe in 2018 and seems set to continue.

First Seen: Brussels Airport website

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