Azora has completed the acquisition of two hotels and two buildings adjacent to the hotels in central Brussels on behalf of its Azora European Hotel and Lodging Fund (AEHL).
The acquisition of the centrally located Hotel Berger and Hotel Jardin Secret, which comprise a total of 99 hotel keys, also includes two adjacent buildings, providing Azora with an opportunity to develop a hostel with 130 beds. The assets share a private garden with a swimming pool.
The assets will be managed by Latroupe, the Madrid-based pan-European hostel and lifestyle hotel–focused operating platform launched by Azora in 2021. These latest acquisitions expand Latroupe’s portfolio to eight assets and 1,600 beds across Madrid, Bilbao, Brussels, Dublin and Barcelona. The transaction also aligns well with Latroupe’s strategy of operating prime city center assets that offer guests the unique combination of four-star hotel service and facilities with the vibrancy and social environment typical
