Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2022
Building Area Gross
Number of units 105
Occupancy 100.0 %

Asset Description

Prime Long-Term Fixed income hotel investment opportunity in the heart of Namur

Investment Highlights

  • Prime long-term fixed income hotel investment with excellent covenant;
  • High quality hotel development project with 105 rooms and 10 parking units, delivery expected in January 2023;
  • Located in the vibrant and dynamic city of Namur – Capital city of Wallonia, major touristic hub and University city;
  • Operated by B&B Hotels, the leading and fastest growing independent hotel chain in the Budget & Economy sector in Europe;
  • 15 years triple net lease signed, leading to a long term secured cash flow from an ultra secure hotel tenant;
  • Annual rent of approx. 445.600 € + VAT (indexed), representing a low and thus very sustainable rent per key of approx. 4.244 €.
  • Corporate guarantee provided by Financière B&B Hotels (ultimate parent company) for the entire duration of the lease;
  • Part of Baltisse’s AXS project, comprising additionally the delivery of 29.000 sqm office (over 5 buildings, fully pre-let to Croix Rouge and Belgian State), and 216 units of student housing, creating a unique micro-location;
  • Ideally located on the freshly renovated Namur train and bus station, creating a brand new and dynamic micro-location;
  • Forward commitment sale structure by way of share deal.
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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