Cresco

News – Real Estate

Martin’s Hotels in transaction regarding hotel Alden Biesen

Cresco assisted Martin’s Hotels with the preparation, negotiation and closing of a complex agreement with respect to the development and operation of a new luxury four-star hotel (with 72 rooms) at the site of Alden Biesen. Other parties involved in the transaction are the City of Bilzen, LRM, Group GL and Vestio.

Martin’s Hotels is the largest independent Belgian hotel group.

LRM is an investment company that develops and stimulates economic growth in Limburg.

Group GL is active in, amongst others, real estate and project development in Belgium and abroad.

Vestio realises residential real estate projects in Belgium. 

More information on the transaction can be found here:

 

Filip De Schouwer and Tessa Gijbels constituted the deal team for this transaction.

For any further information or questions, please contact Filip De Schouwer or Tessa Gijbels.

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