TwentyTwo Real Estate (EU) acquired Terhills Resort (BE), a premium resort combining luxury and nature near Hoge Kempen National Park in Belgium. The acquisition aims to tap into the growing demand for sustainable tourism.
| Acquirer | TwentyTwo Real Estate (EU) |
|---|---|
| Target | Terhills Resort (BE) |
| Deal Value | $61.0bn |
| Type of Deal | Acquisition |
| Close Date | Not disclosed |
| Buy-Side Advisors | Levy Real Estate |
| Sell-Side Advisors | Moelis |
Deal Mechanics
TwentyTwo Real Estate, an independent real estate investor and operator with €5.2 billion in assets across Europe, completed the acquisition of Terhills Resort. The transaction includes both the real estate and operational aspects of the resort.
Strategic Rationale
The deal allows TwentyTwo Real Estate to invest in a premium asset that integrates luxury accommodations with sustainable tourism practices. Terhills Resort, which offers 250 cottages operated by Center Parcs, is located near Hoge Kempen National Park and caters to international visitors seeking nature-based leisure experiences.
Financial Context
Terhills Resort has been a significant draw since its opening in May 2021, welcoming over 400,000 guests and recording more than 1.5 million overnight stays. The resort’s diversified amenities include a hotel, wellness center, and retail shops.
Advisors
The acquisition was advised by Levy Real Estate on the buy side and Moelis on the sell side for LRM, the venture capitalist that originally developed Terhills Resort.
Outlook
TwentyTwo Real Estate plans to continue Center Parcs' operational role at Terhills Resort while exploring further growth opportunities within sustainable tourism infrastructure.