Pandox, the renowned hotel property company, has unveiled a significant milestone with the signing of a long-term lease agreement with German hotel operator Numa for the iconic Hotel Hubert Brussels. The agreement will take effect from 1 April 2025, marking a new chapter for the centrally located property.
Liia Nõu, CEO of Pandox, expressed her enthusiasm for the partnership, stating: “We are delighted to welcome Numa as our new tenant. This agreement not only highlights the competitive edge of our lease terms but also reaffirms Pandox’s ability to unlock the potential of underperforming hotels through strategic acquisition, development, and management in a global context.”
Hotel Hubert, a 100-room property in the heart of Brussels near the central station and Grand Place, has undergone a remarkable transformation since Pandox acquired and renovated it in 2017. Operated directly by Pandox until now, the hotel has enjoyed strong profitability and consistent value growth, making it a standout in the company’s portfolio.
With this new lease, the property is poised for even greater success. The agreement is expected to significantly boost Hotel Hubert’s net operating income and overall value, reinforcing Pandox’s reputation for creating high-performing assets.
A certified BREEAM property, Hotel Hubert balances sustainability with modern hospitality, attracting both leisure and business travellers alike. Its central location ensures convenient access to key attractions, solidifying its position as a favourite destination in Brussels.
This collaboration with Numa marks a new era for Hotel Hubert, promising continued growth and innovation for one of the city’s most cherished hotels.
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