Danzep Hotels BV, a Dutch hotel developer and operator, holding the Master Franchise for the successful easyHotel concept in the Benelux countries, has partnered with Crossroads European Real Estate Fund, a Luxembourg based investment fund advised by Crossroads Real Estate LLP. Crossroads will provide a €25m facility to accelerate the development of Danzep’s pipeline assets in the Netherlands and Belgium. With multiple new projects in Amsterdam and a new development in Brussels, the available funds will put the company on a fast track for growth, more than doubling its current room count over the next 12 months. www.danzep.com
“We are excited about this new partnership, which will help us realise the tremendous opportunities in our operating markets”, commented Daniel Metcalfe, Founder of Danzep.
“We are delighted that Crossroads will partner with Danzep and work alongside its exceptional management team in further expanding its successful easyHotel franchise” added David Gillerman, Founding Partner and Chief Executive of Crossroads Real Estate LLP.
About easyHotel and DanZep
easyHotel is a unique budget hotel formula invented by Sir Stelios Haji-Ioannou, the founder of Europe’s leading low cost airline easyJet. Worldwide, easyHotel has 20 hotels in the major cities of Europe and the Middle East. The concept focuses on the no-nonsense business traveler and tourists, providing great value hotel accommodation in first class city centre locations. DanZep Hotels, master franchise holder for easyHotel Benelux, previously opened easyHotels in Amsterdam, Rotterdam and The Hague. For more information see www.easyhotelbenelux.com.
About Crossroads European Real Estate Fund
A Pan European real estate fund, Crossroads pursues real estate opportunities across various asset classes and geographies. Through its proprietary origination and network of best in class operating partners, Crossroads pursues both direct real estate acquisitions and mezzanine financing. (www.crossroadsre.eu)