Tabah Capital Advisors assisted a consortium of Belgo-Luxemburg investors who owned and operated the two assets to complete the sale of the two adjacent hotels located in Brussels.
The hotels are located in the Ixelles district for Circa E 18m, hence circa E 180 000 per key. Both properties will be rebranded to operate under the Latroupe hostel brand owned & operated by Azora Capital as part of its Living portfolio. The transaction, characterized by its seamless execution and expeditious conclusion, stands as a testament to the firm's commitment to excellence in the realm of real estate advisory services.
"We are pleased to have played a pivotal role in facilitating the sale of Le Berger. This achievement reflects our unwavering dedication to delivering exceptional service and expertise to our clients and our continuous advisory sales mandates, in Belgium, where the hospitality markets have performed very well post the Covid pandemic,” said a spokesperson from Tabah Capital Advisors.
Image source - Pexels.
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