Meininger Portfolio Brussels

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.