|Number of units||105|
Prime Long-Term Fixed income hotel investment opportunity in the heart of Namur
- 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.