描述

Project Magritte represents a unique and exceptional opportunity to acquire 2 freehold hotels both fully let to Meininger Hotels under a fixed lease.

The Hotels encompass 340 guestrooms, each with an en-suite bathroom, totalling 1,405 beds. Both Hotels boast a bar & breakfast restaurant, a guest kitchen, parking, game zone and a lounge.

The hotels benefit from central urban locations, each situated just 15 minutes from Grand Place. Meininger Gare du Midi is located next to Brussels’ Gare du Midi train station and directly across from the World Health Organization. Meininger City Center is positioned alongside the canal in Brussels’ city center, close to the Triangle Station, which provides convenient connection to major leisure and business destinations.

Meininger Hotels are a European leader in the hostel and midscale hybrid hotel market, with a D&B rating of 4A3, higher than both Motel One and Generator Hostels. Project Magritte comprises two long-term leases (with unexpired terms of 8 and 9 years) with fixed rent and strong rent cover ratios. Meininger Group, has expressed interest in extending the lease terms for both assets.

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属性

单位数量

340

建筑总面积

17,637 平方米

Meininger Portfolio Brussels (2个物业)

媒体

投资亮点

Key Investment Highlights:

• Stable Cash Flow with Long-Term Security: Fixed rental income secured by long-term leases with strong operational performance, enhanced by Meininger Hotels' interest in extending both leases by an additional 10 years

• Premium Strategic Location Advantage: Exclusive positioning within 15 minutes of Brussels' Grand Place by train, directly adjacent to major transport hubs including Gare du Midi and Triangle Station, ensuring consistent guest accessibility and demand

• Exceptional Market-Leading Tenant Performance: Meininger Hotels demonstrates investment-grade strength with 112% three-year revenue CAGR (versus 8.9% industry average) and maintains 4A3 Dun & Bradstreet credit rating, providing reliable covenant strength