Schroders Capital sells Aloft Brussels Schuman to Pestana

Schroders Capital, the private markets division of Schroders, has sold the Aloft Brussels Schuman hotel to Pestana Hotel Group. 

Aloft Brussels Schuman

The sale was made on behalf of Schroders Capital clients, including Extendam.
The Aloft Brussels Schuman is a 4-star hotel situated in Brussels' European quarter, featuring 150 rooms, a bar, two restaurants, meeting facilities, a fitness centre, and parking. It's conveniently located near the city centre and key EU institutions like the European Parliament.
After acquiring the hotel in 2019, Schroders Capital revamped its operations. This included changing the management agreement with Marriott International to a franchise agreement and implementing a capital expenditure program.
Schroders Capital's hotel platform manages €3.6 bn in hotel assets, from independent assets to those operating under third-party management or lease agreements.
Thibaut Leonard, investment director, Hotels at Schroders Capital, said: "We’re delighted to have successfully executed the strategic repositioning and sale of Aloft Brussels Schuman. Our active asset management and operational expertise has transformed the hotel and enabled its strong performance, thereby maximising its value for our clients. We look forward to building momentum with our leading hotels platform, as we continue to create value and deliver significant long-term growth potential."
Matthieu de Lauzon, partner from Extendam, added: "We are very proud to have invested alongside Schroders Capital in this hotel. We would like to extend our warmest thanks to the hotel teams, who have delivered excellent performances despite the sometimes challenging circumstances, such as during the Covid crisis. We would also like to thank Marriott for their support. We congratulate Pestana on their acquisition and hope that they will enjoy the same level of satisfaction that we have had with this asset.”
José Roquette, chief development officer at Pestana Hotel Group, commented: "The integration of this new hotel into the Pestana Hotel Group’s portfolio marks another significant milestone in our internationalisation strategy, which we have been steadily building over the past decades. Brussels, as a leading European capital, is a destination that strengthens our presence at the heart of Europe thanks to its central location, dynamic character, and institutional importance. This acquisition reflects our long-term vision, rooted in a sustainable and strategic approach, and reinforces our ambition to be present in the world’s leading cities, further consolidating the Pestana brand on a global scale."
The sale of the Aloft Brussels Schuman was managed by Jones Lang Lasalle and drew significant interest from both local and international investors. 
Schroders Capital and its clients received advisory services from JLL Hotels for brokerage and Loyens for tax and legal matters.