TwentyTwo Real Estate to Acquire Terhills Resort from LRM in Belgium
TwentyTwo Real Estate, an independent European real estate investment and asset management company, has announced an agreement to acquire Terhills Resort in Belgium from LRM. The transaction is expected to officially close on May 29, 2026, marking a significant addition to TwentyTwo Real Estate’s growing portfolio of hospitality and leisure assets across Europe.
The acquisition reflects the company’s continued focus on premium destination-based hospitality investments and highlights its confidence in the long-term growth potential of the European tourism and leisure market. Located in the Limburg region of Flanders, Terhills Resort has become one of Belgium’s most distinctive holiday destinations since opening in 2021. The resort is operated by Center Parcs, which will continue managing the property for at least the next decade under a long-term operating arrangement.
Spread across approximately 63 hectares, the resort features 250 luxury waterfront cottages along with a range of central leisure and hospitality facilities. Positioned at the gateway to Hoge Kempen National Park, the development offers visitors direct access to one of Belgium’s most unique natural environments. The combination of modern accommodations, recreational experiences, and scenic landscapes has helped establish Terhills Resort as a major tourism attraction for both domestic and international travelers.
The acquisition also represents the continuation of a broader regional transformation initiative that has reshaped the surrounding area over several decades. Once known primarily for its industrial activity, the site has undergone a remarkable regeneration process, evolving into a thriving tourism, leisure, and nature destination. Through long-term planning and investment, the former industrial landscape has been converted into a sustainable hospitality environment that now plays an important role in the local economy and tourism sector.
For TwentyTwo Real Estate, the transaction aligns closely with its strategy of investing in high-quality, experience-driven assets supported by strong long-term market fundamentals. The company views Terhills Resort not only as an attractive hospitality investment but also as a symbol of successful urban and regional regeneration. The project demonstrates how former industrial areas can be transformed into environmentally conscious destinations that deliver long-term economic and social value.
The resort benefits from a strategic location near the borders of Belgium, the Netherlands, and Germany, giving it strong cross-border appeal. Its accessibility has contributed to steady visitor demand and strengthened its position within the wider tourism ecosystem of the region. In addition to the resort itself, the surrounding area offers outdoor recreation, cycling routes, shopping attractions, and cultural experiences that enhance its overall appeal as a destination.
Sustainability and environmental responsibility have also played an important role in the development and positioning of Terhills Resort. The property was built with several environmentally friendly features, including timber-frame construction methods and solar energy infrastructure. Biodiversity initiatives and landscape restoration efforts across the estate have further strengthened the project’s environmental credentials. The redevelopment of a remediated industrial site into a modern eco-conscious leisure destination reflects growing trends within the hospitality and real estate sectors toward sustainable investment strategies.
The acquisition further expands TwentyTwo Real Estate’s presence in the European leisure and hospitality market. It also deepens the company’s partnership with Center Parcs, one of Europe’s leading holiday park operators. The two companies previously collaborated following TwentyTwo Real Estate’s acquisition of Center Parcs Allgäu in Germany in October 2023. By continuing to work with experienced hospitality operators such as Center Parcs, TwentyTwo Real Estate aims to strengthen the long-term performance and resilience of its hospitality investments.
Daniel Rigny, founder and chief executive officer of TwentyTwo Real Estate, described Terhills Resort as a highly distinctive hospitality asset with strong long-term potential. He noted that the project combines solid hospitality fundamentals with a unique sense of place and historical significance. According to Rigny, the acquisition reflects the company’s commitment to supporting sustainable regional transformation projects while building long-term value through high-quality real estate investments.
He also emphasized the importance of the Limburg region and the wider Flanders area, describing the resort as a successful example of how strategic investment and collaboration can create thriving destinations from former industrial landscapes. Rigny stated that TwentyTwo Real Estate looks forward to working closely with Center Parcs and local stakeholders to continue strengthening the resort’s position as a leading tourism and leisure destination in Belgium.
Benjamin Saura-Neri, investment director and head of hospitality at TwentyTwo Real Estate, also highlighted the importance of the transaction in reinforcing the company’s partnership with Center Parcs. He acknowledged the key role played by LRM in the long-term development and positioning of Terhills Resort, noting that the regional investment company had been instrumental in shaping the project into the successful destination it is today.
Saura-Neri added that TwentyTwo Real Estate intends to build upon the strong foundation already established at the resort while continuing to work collaboratively with local authorities, tourism partners, and community stakeholders. The company sees significant opportunities to further enhance the guest experience, strengthen the resort’s market positioning, and support ongoing tourism growth in the region.
The acquisition of Terhills Resort comes at a time when demand for high-quality leisure destinations and nature-based tourism experiences continues to grow across Europe. Travelers are increasingly seeking destinations that combine relaxation, sustainability, outdoor recreation, and premium accommodations. Resorts like Terhills, which integrate natural surroundings with modern hospitality offerings, are well positioned to benefit from these evolving consumer preferences.
As TwentyTwo Real Estate continues expanding its European portfolio, the acquisition of Terhills Resort highlights the company’s broader vision of investing in sustainable, experience-oriented destinations with strong long-term relevance. With continued support from Center Parcs and local stakeholders, the resort is expected to remain a major tourism landmark in Belgium while contributing to the economic and environmental development of the Limburg region for years to come.
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