HVS Hodges Ward Elliott is pleased to announce that acting on behalf of BRE Europe Hotel Holding and Alliance Hôtellerie, it has successfully arranged the sale of shares in the owning companies of five Belgian hotels to CTF Development. 

The properties are the:

• 201-room Mercure Brussels Center Louise

• 105-room Mercure Liège Centre

• 101-room Mercure Leuven Center

• 87-room Alliance Hotel Brussels Airport

• 79-room Alliance Hotel Brussels Expo

All five hotels will be fully renovated and rebranded under the pentahotels brand, taking the total number of pentahotels in Europe to 24. 

Frankfurt-based CTF Development is owned by the Cheng family in Hong Kong. 

About HVS Hodges Ward Elliott
HVS Hodges Ward Elliott is a joint venture between the leading international hotel consultancy firm HVS and the leading US hotel real estate brokerage and investment banking firm Hodges Ward Elliott. HVS Hodges Ward Elliott acts as broker and investment advisor in European hotel real estate markets, and focuses on disposition advisory services.