Singapore, 15 June 2015: International hotel investment specialist, M&L Hospitality, has expanded its global portfolio with two major acquisitions in London and Brussels.
The Singapore-based investment group has acquired the former Arora Hotel Heathrow, renamed Heathrow Hotel Bath Road following the transaction. A major gateway to London – connecting financial centres – the Heathrow site marks a significant strategic move for the company. The four star hotel has 350 guest bedrooms, a restaurant, bar and a range of meeting and function rooms.
M&L has also acquired its first hotel in Brussels, the Park Inn by Radisson Brussels Midi. The modern mid-scale hotel located in Brussels city directly opposite the Brussels-Midi Train Station has 142 guest rooms, an in-house restaurant and bar, fitness centre, secure underground parking and flexible conference and meeting spaces.
The two new acquisitions join M&L Hospitality’s existing asset portfolio of over SGD $1.6 billion across Asia Pacific and Europe.
Neil Maxwell, CEO of M&L Hospitality, said: “Both these recent deals are fantastic additions to our portfolio, marking key strategic locations for our business.
“We’ve seen an increasing demand from business travellers for comfort and practicality at good value prices, which both these hotels deliver. Location is also crucial, and with prime spots at Heathrow and Brussels South Train Station we expect to see strong demand from frequent travellers.
“We’re always looking to expand our portfolio in locations and properties that will deliver added value. As a growing business and political hub and key European centre, we’ve been exploring investments in Brussels for some time and are delighted to have secured this hotel. Likewise, Heathrow’s unrivalled links into London and around the world promise to make it a solid investment and a welcome addition to our portfolio.”