Elbit Imaging Ltd. have exchanged contracts to sell the Radisson Blu and the Park Inn Hotels in Antwerp, Belgium, to KKR for €48 mln.
JLL acted as the exclusive advisor to Elbit Imaging Ltd.
Both properties are located on Koningin Astridplein in the historical center of Antwerp, adjacent to the Diamond District and directly across from the Antwerpen Centraal Station.
The city of Antwerp is the second largest urban center in Belgium with a metropolitan population of 1.2 mln inhabitants, comprising nearly 12% of the national population. The city’s role as a commercial and cultural hub in the Flemish region continues to grow as the area attracted 1.54 million tourists in the first three quarters of 2014, a 6.6% increase on the same period in 2013.