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Pandox Places Its Trust In Nh Hotel Group To Operate Two Emblematic Hotels In Brussels

NH Hotel Group has entered into an agreement with Pandox, a leading northern European hotel property company, for a variable lease, under long-term arrangements, of the BLOOM! and Berlaymont hotels in Brussels, situated strategically in the city centre and close to the European Commission Headquarters respectivelyThe two hotels, which between them have 519 rooms in addition to a broad offering in the meetings and events segment, will begin to be operated by NH Hotel Group in February 2018; they offer significant upside via agreed investments in repositioning and integration within the Group's sales and revenue management platforms, coupled with upbeat forecasts for the Brussels marketThese additions, together with the hotels signed up recently, evidence increasing demand from hotel investors keen to analyse opportunities for joint growth to benefit from NH Hotel Group's model and flexibility Including these two new incorporations, NH Hotel Group currently has 32 projects in the pipeline which will add around 5,000 rooms in Europe and Latin America between 2018 and 2021Eight out of ten rooms recently signed up will be operated under the firm's premium brands - NH Collection and nhow - in keeping with the Group's strategy of stepping up its exposure to the upper-upscale segment in the coming years Madrid -- NH Hotel Group, a consolidated multinational operator and reference in the European urban hotel segment, and Pandox, a leading northern European property company with a broad portfolio of establishments in leisure and business travel destinations, have entered into an agreement for the lease of the BLOOM! and Berlaymont hotels in Brussels.