South City Hotel (a partnership, 40% ATENOR GROUP 10% BPI 50% Espace Midi) has the pleasure of announcing the signing of a Management Contract with the REZIDOR Group for the hotel currently under construction opposite the Gare du Midi railway station (Brussels).
The Management Contract, with a duration of 20 years, concerns the management of the future 142-room hotel under the name PARK INN (one of the REZIDOR Group's brands, along with Radisson Blu Hotels & Resorts and The Regent Hotels & Resorts, among others).
REZIDOR's PARK INN brand is experiencing significant growth in Europe, the Middle East and Africa. This hotel will be the first of the chain in Brussels and the fourth in Belgium. The management of the hotel under the PARK INN name in the three-star category will make it possible to take full advantage of its potential, as it is ideally located on Place Broodthaers opposite the Brussels high-speed train station (which is benefiting from uninterrupted growth in the number of international travellers).
The hotel is part of a larger development including 31,000 m² of offices divided into two buildings and some commercial spaces. The first building (which will be delivered at the end of 2009) with around 13,000 m² has been rented for a firm duration of 27 years to a Belgian semi-public company. The second office building, also under construction, will be delivered at the end of 2010 and is already the object of serious signs of interest.
Source: ATENOR GROUP