Log inQuares has been appointed Technical Facility Manager for the Belgian hotel portfolio of the German investment company, Union Investment. This portfolio currently includes the Motel One and Radisson Blu Royal hotels in Brussels. This appointment means that Quares Facility Management, which already operates in retail, offices and logistics, has now expanded its service to the hotel sector.
23 June 2016Quares Technical Facility Management
Motel One and Radisson Blu Royal together occupy floor space of 37,700 m². They have 771 guestrooms, as well as a range of meeting rooms, restaurants, wellness centres and parking facilities.
As Technical Facility Manager, Quares is responsible for the technical management activities of both the owner and the operator.
Quares is also in charge of maintenance budgeting and associated investments, which means that being able to maintain sustainability and identify cost-savings is essential.
Union Investment Real Estate hotel portfolio
The hotel portfolio of Union Investment consists in total of 43 hotels spread across 17 major cities in Europe, representing a value of 2.3 billion euro (12,500 guestrooms) and 646,000 m² of floor space.
The hotel industry is very complex, which means that growth can only be achieved through active management, strong partnerships and mutual trust between the investor and the hotel operators. The value of a hotel is linked directly to the commercial success of the operator.
To strengthen this active management, Union has decided to appoint a Technical Facility Manager for each country to support its Asset Managers.
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