
Radisson Blu and Park Inn hotels located in Astid Place, Antwerp, were acquired by a joint-venture. The amount of the transaction was not disclosed.
Radisson Blu is a four-star hotel with 247 rooms, while Park Inn is a three-star boutique with 59 rooms. Both are situated on Astrid square, opposite Antwerp's international Central Station.
Guillaume Cassou, head of European Real Estate at KKR, commented: "Antwerp's status as a business hub and a leisure destination makes these hotels attractive investments. As the city continues to develop its infrastructure, including with a new conference centre, we believe demand for the hotel market will continue to grow. This acquisition represents an exciting first step in KKR's partnership with Algonquin, and both groups are looking forward to doing more together across Europe."
On January 1, 2015, Carlson Rezidor was the thirteenth hotel group in the global ranking in terms of number of rooms with 172,234 units in 1092 properties according to MKG Hospitality, consulting firm founded by Georges Panayotis. (read our article)
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