EXTENDAM and Schroders Capital have successfully sold the Aloft Brussels Schuman to Pestana Hotel Group following a strategic repositioning and renovation, marking a significant milestone in the Brussels hospitality market.
Target Information
EXTENDAM and Schroders Capital have announced the sale of the Aloft Brussels Schuman, a pioneering establishment in Europe's lifestyle office hotel sector, which was acquired by both parties in 2019 as part of a dedicated investment structure for the hospitality sector. Recognized as one of Brussels' top hotels, the property has changed hands following a successful investment cycle and will now join the portfolio of the Pestana Hotel Group from Portugal.
Industry Overview in Belgium
The Brussels hotel market is currently experiencing a significant upsurge, driven by recent openings such as The Standard Brussels Hotel and the Corinthia Grand Hotel Astoria. Renovations of existing establishments are also underway, contributing to a more competitive landscape. Despite the challenges presented by the COVID-19 pandemic earlier in the investment cycle, the sector has shown resilience and adaptability.
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This dynamic environment has attracted interest from numerous local and international investors, reflecting a renewed confidence in the Belgian hospitality mark
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