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Singapore-based M&L Hospitality has purchased two hotels in London and Brussels, boosting its existing asset portfolio to more than $1.7 billion across Europe and the Asia Pacific.
The firm bought the former Arora Hotel Heathrow in the British capital, which was renamed Heathrow Hotel Bath Road following the completion of the deal.
Located along a major gateway to London, the four-star hotel comes with a bar, a restaurant and 350 guest bedrooms along with a range of facilities for meetings and other social functions.
The investment group, which specialises in International hotel assets, also acquired its maiden hotel in the Belgian capital, known as the Park Inn by Radisson Brussels Midi.
A stone’s throw away from the Brussels-Midi Train Station, the 142-room mid-scale hotel features a fitness centre as well as flexible conference and meeting spaces. Aside from an in-house restaurant and bar, it also has secure underground parking.
“We’ve seen an increasing demand from business travellers for comfort and practicality at good value prices, which both these hotels deliver. Location is also crucial, and with prime spots at Heathrow and Brussels South Train Station we expect to see strong demand from frequent travellers,” said M&L Hospitality’s CEO Neil Maxwell.
“We’re always looking to expand our portfolio in locations and properties that will deliver added value. As a growing business and political hub and key European centre, we’ve been exploring investments in Brussels for some time and are delighted to have secured this hotel. Likewise, Heathrow’s unrivalled links into London and around the world promise to make it a solid investment and a welcome addition to our portfolio,” he added.
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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