Cycas Hospitality has signed a lease agreement with hotel owner, Candor, to operate a 127-room Residence Inn by Marriott, which will be located within walking distance of the new NATO headquarters, close to Brussels International Airport.
As well as appealing to international guests, the hotel location will attract corporate demand from the many international organisations, including the EU, and corporate companies who are based in Brussels or use it as a conference destination.
The seven-floor Residence Inn Brussels Airport hotel will incorporate on-site parking, lounge, gym space and laundry facilities, and benefits from easy access into the centre of Brussels. Developed by La Strelizia BV, a subsidiary of the Brussels Project, the hotel is due to open in 2020.
This year Cycas has rapidly grown its operations in Europe, including opening its first dual-branded hotel with Marriott in Amsterdam’s Houthavens area and its expansion into France. This has come via the lease agreement for Hyatt’s first dual-branded development in Europe, close to Paris Charles de Gaulle airport, and a hotel management contract for a stand-alone Hyatt Place hotel in Rouen.
Asli Kutlucan, Senior Partner Development and Acquisitions at Cycas Hospitality, said: “This signing represents a significant milestone in Cycas’s European expansion journey. Not only is it our first deal in Belgium but it also represents the fifth Residence Inn in Cycas’s portfolio and our second in the Benelux region, ensuring we’re on track to achieve our target of having more than 10,000 guest rooms within our portfolio by 2022.
“The hotel’s location within walking distance from Brussels’ new NATO HQ and moments from many blue-chip corporate companies makes this a fantastic opportunity for us to bridge the gap between hotels and home for business travellers and project workers, so we are excited to be introducing the branded extended-stay concept to this area. We’re delighted to be working with Candor to bring Marriott’s Residence Inn brand to Belgium and give travellers to the city an alternative way to stay.”
Jan Vlaminck, Director Development, Hotels, Student & Senior Housing, at Candor, added: “Brussels is a leading international business city with a large international community and significant demand for the hospitality sector. Cycas has an enviable track record of managing extended stay as well as traditional hotels, so we are pleased to be partnering with them and look forward to working together to bring the first extended-stay hotel to Brussels International Airport.”