Acquisition of Belgian Hotel Portfolio
LONDON, April 12, 2019 (Newswire.com) - 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.
About Centerbridge Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The firm was founded in 2005, and as of September 2018 has approximately $27 billion in capital under management, with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives. For more information, please visit www.centerbridge.com.
About Hamilton Hotel Partners and Hamilton Hotel Investors
Hamilton Hotel Partners is an integrated hotel asset management and management platform with a successful track record in the European hotel industry. Hamilton’s dedicated hotel management team has significant operating experience at all levels of the market. Since 2004, Hamilton has provided direct management and asset management services to some 250 hotels across EMEA, representing over £5 billion in value.
Hamilton Hotel Investors is a hotel investment firm that partners with investors in the hotel sector. The firm was established in 2017 by the principals of Hamilton Hotel Partners to build on Hamilton’s track record. The team has decades of experience across all relevant aspects of the real estate investment process. For further information, please visit www.hamiltonhotelpartners.com and www.hamiltonhotelinvestors.com.
For further information, please contact Tobi Weissinger of Hamilton Hotel Investors at firstname.lastname@example.org.
Source: Hamilton Hotel Investors
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