Dublin-based property management company PREM Group has bought two hotels in Antwerp in Belgium - The Golden Tulip Hotel and The Tulip Inn Antwerp - for €16m.
Both hotels will remain branded as Golden Tulip Hotels for the moment.
The hotels are the first to be acquired by the PREM Group outside of the UK and Ireland and are part of its European expansion programme.
The group said it hopes to make more acquisitions in 2007 in other major European cities including Berlin, Hamburg and Amsterdam.
