© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Corinthia Hotels Announces the Acquisition of the Grand Hotel Astoria, Brussels
Posted 17th May 2016

Corinthia Hotels Announces the Acquisition of the Grand Hotel Astoria, Brussels

Corinthia Hotels Announces the Acquisition of the Hotel Astoria in Brussels.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Corinthia Hotels Announces the Acquisition of the Grand Hotel Astoria, Brussels
Image

Corinthia Hotels announces the acquisition of the Hotel Astoria in Brussels. This part-listed, trophy property has stood vacant for 10 years, but will now be fully refurbished as the city’s leading luxury hotel, branded the Corinthia Grand Hotel Astoria.

The Corinthia Grand Hotel Astoria will comprise 121 bedrooms and suites, as well as extensive banqueting, dining and spa facilities.

Situated in a prime location on Rue Royale in the heart of the city, the hotel was built in 1909 at the request of King Leopold II. It was for many years considered to be among the world’s finest luxury hotels and has welcomed a number of illustrious guests during the course of its history including former British Prime Minister Sir Winston Churchill and former US President Dwight Eisenhower.

Corinthia is committed to restoring the property, which has been vacant for the past decade, to its former glory.

Corinthia chairman Alfred Pisani said:

“We have earned an unparalleled reputation for restoring buildings of historical value and turning them into luxury hotels. The Corinthia Grand Hotel Astoria will be no exception.

“We aim to make this hotel the best in Brussels – committing the same passion and attention to detail as we have done with our hotel redevelopments in London, Budapest, St Petersburg and other major cities. We have full confidence in the city and are proud to have acquired such a gem in the heart of Europe.”

The Corinthia Grand Hotel Astoria’s façade and ground floor enjoy listed protection status, though the upper bedroom floors are currently stripped down to brick work awaiting full reconstruction. The property also includes adjoining land upon which the current structure will be extended. Works shall commence once all designs are completed.

Further luxury hotel projects are expected to be announced in the coming weeks to complement Corinthia’s growing portfolio of luxury hotels in prime locations.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Volatility and Complexity in Tax Rules
Legal
31/08/2016Volatility and Complexity in Tax Rules

AVELLUM is best known for its expertise in transactional tax and international tax planning. The firm’s unmatched experience allows us to provide clients with the best quality services in these fields.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager – USA/Europe
Finance
31/07/20162016’s Most Innovative Hedge Fund Manager – USA/Europe

The Prudent Group are a highly innovative company who provide working capital to the small and midsize corporate market segment sector. We spoke to Dennis Klemming, Chairman of Prudent Group, to find out more about their firm and the solutions they offer.

Read Full PostRead - Eye Icon
Htin Kyaw – What Now?
Leadership
11/05/2016Htin Kyaw – What Now?

With Myanmar swearing in its first elected civilian president in 50 years, we spoke to Krishna Ramachandra,

Read Full PostRead - Eye Icon
Privet Capital Acquisition of Aeroment from Black Diamond
Finance
04/08/2015Privet Capital Acquisition of Aeroment from Black Diamond

Privet Capital Acquisition of Aeroment from Black Diamond

Read Full PostRead - Eye Icon
Koch Industries Acquires Guardian Industries Corp.
M&A
21/11/2016Koch Industries Acquires Guardian Industries Corp.

Guardian shareholders approve transaction to become standalone subsidiary of Koch Industries.

Read Full PostRead - Eye Icon
Corporate Social Responsibility: Accountability Measures Against Traffic Incidents
Corporate Social Responsibility
26/07/2024Corporate Social Responsibility: Accountability Measures Against Traffic Incidents

Corporate Social Responsibility (CSR) involves businesses taking responsibility for their impact on society. It encompasses environmental efforts, ethical practices, philanthropy, and economic growth to ensure a positive contribution to the community.

Read Full PostRead - Eye Icon
Beyond Bitcoin hype, can blockchain transform financial services?
Finance
10/05/2021Beyond Bitcoin hype, can blockchain transform financial services?

The UK financial industry faces a wave of disruption. Customers are demanding digital, personalised and seamless client experiences. Meanwhile, regulators are driving best practice around data security and industry professionalism to ensure clients’ prized a

Read Full PostRead - Eye Icon
How to Avoid Low Quality Content on your Business Website
News
15/03/2022How to Avoid Low Quality Content on your Business Website

If you’re up to date on the best SEO practises to boost your campaign, then you’ll likely know that content is a key factor taken into account by search engines when working to define the context of a webpage, ultimately using this information to deter

Read Full PostRead - Eye Icon
India’s Internet of Things (IoT) Market to Grow
Strategy
25/09/2015India’s Internet of Things (IoT) Market to Grow

According to a recently released TechSci Research report, “India Internet of Things (IoT) Market Opportunities & Forecast, 2020”, the IoT market in India is projected to grow at a CAGR more than 28% during 2015 - 2020.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow