Belgian hotel industry attracting Belgian investment

Saturday, 08 August 2015 01:07
Belgian hotel industry attracting Belgian investment ©Belga
According to the L’Echo daily on Friday, brokers are forecasting 2015 will be a record year for investments in the Belgian hotel industry.
Real estate specialist John Lang LaSalle mentions investments amounting to 270 million euros and CBRE (real estate advisory) estimates 250-300 million euros.

In the hotel sector Brussels is a much smaller player than heavyweights such as Paris and London, or tourist hotspots like the  Côte d'Azur and the Italian Riviera. Yet in its class alongside similar large cities like Milan and Madrid, the capital of European holds its own.

According to Thomas Robet (CBRE) “2015 will be a record year. Several major deals are being signed and more will follow suit before the end of the year.” In the first quarter of 2015 270 million euros were invested in the Belgian hotel industry (80% in Brussels).

Lars Andersen (Source: Belga)  
Google Plus

More Stories

Brussels to extend cycle brigades to all six police zones

Brussels to extend cycle brigades to all six police zones

Brussels will invest in the development of police cycle brigades throughout its region, the Secretary of State for Road Safety, Bianca Debaets (Christian Democratic and Flemish, CD&V) said on Friday.

Three more boars found dead with African swine fever

Three more boars found dead with African swine fever

The wildlife health monitoring network in Wallonia on Friday confirmed three new cases of African swine fever found in dead wild boars.

Belgians produced 63 million tonnes of waste in 2016

Belgians produced 63 million tonnes of waste in 2016

Statbel, the Belgian Office for Statistics reports that the Belgian economy and households combined produced more than 63 million tonnes of waste in 2016.