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ASHG Expands European Hotel Portfolio with the Acquisition of FLI Group, a Portfolio of 8 hotels in Belgium

ASHG (Alchemy Step Hotel Group) is pleased to announce the acquisition of FLI Group, a portfolio of eight hotels in Belgium. ASHG is an investment partnership between Alchemy Special Opportunities LLP and Step Partners GmbH, dedicated to investing in the European hotel sector.
FLI Group’s portfolio consists of 8 hotels, operating under prominent hotel brands in key Belgian destinations: Mercure Liege City Centre, Mercure Antwerp City South, Holiday Inn Express Antwerp City North, Holiday Inn Ghent Expo, Holiday Inn Express Hasselt, Holiday Inn Hasselt, Mercure Antwerp City Centre, and Astoria Hotel Antwerp.

HOTEL INVESTOR ASHG EXPANDS PORTFOLIO WITH ADDITIONAL HOTELS IN BOCHUM AND SCHWERIN AND FORMS STRATEGIC ALLIANCES WITH MARRIOTT INTERNATIONAL AND ALLIANCEBERNSTEIN 

ASHG (Alchemy Step Hotel Group), an investment platform specializing in hotel turnaround situations, has acquired two more hotels: the stays (formerly Renaissance) hotel in Bochum and the nh hotel in Schwerin. Together with the Hotel am Technologiezentrum in Dortmund, which was acquired in February 2022, ASHG’s portfolio currently encompasses three hotels with a total of 450 rooms.

ALCHEMY AND STEP PARTNERS ESTABLISH A JOINT SPECIAL SITUATIONS HOTEL INVESTMENT PLATFORM AND ANNOUNCE FIRST INVESTMENT IN DORTMUND, GERMANY 

Funds advised by Alchemy Special Opportunities LLP (“Alchemy”), the European private equity and special situations firm, and Step Partners GmbH (“Step”), a fully-integrated hotel operator and investment company focused on turnaround situations, have formed a hotel investment platform (Alchemy Step Hotel Group, “ASHG”) that aims to invest up to EUR 250 million into hotel special opportunities.