BRUSSELS—HVS Hodges Ward Elliott, acting on behalf of BRE Europe Hotel Holding and Alliance Hôtellerie, has successfully arranged the sale of shares in the owning companies of five Belgian hotels to CTF Development.
The properties are the 201-room Mercure Brussels Center Louise, 105-room Mercure Liège Centre, 101-room Mercure Leuven Center, 87-room Alliance Hotel Brussels Airport and 79-room Alliance Hotel Brussels Expo.
All five hotels will be fully renovated and rebranded under the pentahotels brand, taking the total number of pentahotels in Europe to 24.
Frankfurt-based CTF Development is owned by the Cheng family in Hong Kong.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
