Agatovas Suites
Historic European hospitality architecture at dusk

Agatovas Real Estate · Caenen Investment 2 BV

Invest in the Future of Boutique Hospitality

Own the real estate behind a new generation of European lifestyle destinations combining premium property, boutique hospitality, wellness, technology and brand-driven value creation.

Agatovas Real Estate, through Caenen Investment 2 BV, acquires and owns the flagship assets operated by Agatovas Hospitality.

Asset-backed hospitality real estate platform · Belgium + Greece · €5M initial portfolio

At a Glance

The initial platform, in numbers.

INITIAL PORTFOLIO VALUE - OFFICIAL ESTIMATE

€0.0M

Approved Belgian Bank Financing

€0.0M

Investor Opportunity

€0.0M

Flagship Assets

0

Initial Markets

Belgium + Greece

Target Exit Windows

2 / 3 / 5 Years

Executive Summary

A Real-Estate-Backed Boutique Hospitality Platform

Agatovas Real Estate is the property ownership platform behind Agatovas Hospitality. The platform is designed to acquire, renovate and hold premium boutique hospitality assets in high-demand European city and leisure destinations.

Caenen Investment 2 BV acts as the real estate company owning and managing the properties. Agatovas Hospitality leases and operates the assets, creating a clear separation between property ownership and hospitality operations.

This structure allows investors to participate in tangible real estate assets while benefiting from the operational upside, brand value and long-term expansion potential of Agatovas Hospitality.

Value Chain

  1. 1Investors
  2. 2Caenen Investment 2 BV
  3. 3Owns Premium Hospitality Assets
  4. 4Leases to Agatovas Hospitality
  5. 5Boutique Guest Experiences
  6. 6Recurring Revenue + Asset Appreciation
  7. 7Portfolio Expansion

Why Invest

Four foundations of a defensible platform.

Asset-Backed Foundation

Investment exposure is linked to real estate assets in premium European hospitality locations.

Hospitality Upside

Agatovas Hospitality operates the properties with a premium boutique model designed to increase occupancy, ADR and guest lifetime value.

Brand-Driven Value Creation

Agatovas transforms properties into lifestyle destinations through design, wellness, experiences, local culture and digital guest engagement.

Scalable European Platform

The initial portfolio in Belgium and Greece creates the foundation for a larger European boutique hospitality collection.

Agatovas Real Estate

The property platform behind Agatovas Hospitality.

Caenen Investment 2 BV is the dedicated real estate company for the ownership and management of the properties rented out to Agatovas Hospitality operations.

CI2 acquires, owns and renovates premium real estate assets. Agatovas Hospitality leases and operates these properties as boutique hospitality destinations.

The model combines the security of tangible real estate with the value creation potential of a differentiated hospitality brand.

Traditional Real Estate

  • Rental income only
  • Passive ownership
  • Single-asset exposure
  • Limited brand upside

Agatovas Real Estate

  • Premium property ownership
  • Hospitality-driven upside
  • Lifestyle brand value
  • Multiple revenue streams
  • European expansion potential

Initial Portfolio

Three flagship assets forming the foundation of Agatovas Real Estate.

Kortrijksesteenweg 135Ghent, Belgium

Agatovas City Suites

Kortrijksesteenweg 135

Investment allocation€1.15M

Urban boutique hospitality property in Ghent, positioned as a flagship city-stay asset for Agatovas Hospitality.

  • · Debt restructuring: €900K
  • · Renovation investment: €250K
  • · Independent valuation after works: approx. €1.468M
  • · Estimated market rent after works: approx. €157,850 / year
  • Boutique short-stay suites
  • Smart hospitality upgrades
  • Digital check-in
  • AI concierge
  • Direct booking engine
  • Premium city-break positioning
  • FutureClub / lifestyle hospitality
Deck
Villa OlympiaRethymno, Crete, Greece

Agatovas Wellness Villa

Villa Olympia

Investment allocation€500K

Luxury wellness villa with panoramic sea views, positioned as the first Mediterranean leisure asset of Agatovas Hospitality.

  • · Acquisition price: €250K
  • · Current valuation: approx. €550K
  • · Renovation and upgrade investment: €250K
  • Private villa
  • Swimming pool with view
  • Sea-view hospitality
  • Private chef experiences
  • Wellness retreats
  • Yoga and recovery stays
  • Boat excursions
  • E-bike experiences
  • Digital concierge
  • Web3 guest experiences
Deck
Maison12Historic Ghent, Belgium

Agatovas Heritage House

Maison12

Investment allocation€3.35M

Exceptional historic hospitality property in the heart of Ghent, combining luxury accommodation, heritage architecture and experiential hospitality.

  • · Independent valuation: approx. €3.407M
  • · Estimated rental value: approx. €7,770 / month
  • · Renovation and Agatovas standard upgrade: €100K
  • Luxury apartments
  • Historic residence
  • Chocolate atelier
  • Coffee and tartelette experience
  • Pop-up retail
  • Artist residencies
  • Private events
  • Heritage hospitality
  • Premium Ghent destination
Deck

Portfolio Capital Overview

Initial capital plan.

K135

€1.15M

Villa Olympia

€0.50M

Maison12

€3.35M

Initial Portfolio

€5.00M

Capital Stack

Senior Bank Financing · €3.0M · 60%
Investor Capital · €2.0M · 40%
Total · €5.0MBelgium + Greece

Investment Structure

Flexible structures for different investor profiles.

1

Secured Debt

Debt investment backed by shares and/or real estate-linked security, with a defined exit window.

2

Convertible Loan

A debt instrument with the option to convert into equity under pre-agreed terms.

3

Preferred Equity

Equity participation with priority distributions and structured downside protection.

4

Ordinary Equity

Long-term participation in the growth of Caenen Investment 2 BV and the Agatovas Real Estate platform.

Final terms subject to investor profile, legal documentation, due diligence and applicable regulations.

Value Creation Model

How value is created.

  1. 1Acquire premium assets
  2. 2Restructure and optimise financing
  3. 3Renovate to Agatovas standards
  4. 4Lease to Agatovas Hospitality
  5. 5Launch direct booking and smart guest systems
  6. 6Increase occupancy and ADR
  7. 7Build recurring hospitality revenue
  8. 8Increase net operating income
  9. 9Improve asset valuation
  10. 10Refinance or exit
  11. 11Acquire next properties

More Than Real Estate

A hospitality operating layer designed to increase value.

Agatovas Hospitality transforms real estate into emotional, high-value destinations. Each property combines architectural character, boutique hospitality, wellness, local culture, food experiences, smart technology and digital membership.

  1. 01Discovery
  2. 02Direct Booking
  3. 03Digital Check-in
  4. 04AI Concierge
  5. 05Local Experience
  6. 06Wellness / Gastronomy / Art
  7. 07Digital Membership
  8. 08Repeat Stay
  9. 09Community Value

Revenue Model

Multiple revenue layers.

  • Room revenue
  • Short-stay accommodation
  • Long-stay packages
  • Private events
  • Coffee and tartelette experience
  • Chocolate atelier
  • Wellness retreats
  • Boat and e-bike experiences
  • Corporate stays
  • Memberships
  • Digital guest services
  • Artist collaborations
  • Brand partnerships

Why Now

The market is moving toward experiential, asset-backed hospitality.

01

Luxury travellers seek unique boutique stays instead of anonymous hotels.

02

Remote work and flexible travel increase demand for premium long-stay accommodation.

03

Wellness tourism is becoming a core driver of high-value travel.

04

Guests expect digital convenience, direct communication and personalised service.

05

Investors seek tangible assets with inflation-resilient characteristics.

06

Boutique hospitality platforms can create brand value beyond the underlying property.

Exit Strategy

Defined exit pathways after 2, 3 or 5 years.

Year 2

Early partial exit option

Year 3

Refinancing or investor buyback option

Year 5

Strategic exit, institutional refinancing or portfolio sale

Possible exit routes

  • Company buyback
  • Bank refinancing
  • New investor entry
  • Partial asset sale
  • Portfolio refinancing
  • Strategic hospitality investor
  • Institutional real estate fund

Exit terms depend on the selected investment structure, legal agreement and refinancing conditions.

Portfolio ROI

Blended returns across the portfolio.

Aggregated financials sourced from each property's asset spec. Averages update automatically as portfolio specs evolve.

Average Target IRR

13.8%

Average APR

7.8%

Average Rental Yield

10.4%

Value Growth

4.2% / year

Average Hold Period

60 months

Portfolio Assets

3

Exit ROI Projection

Total return at 2, 3 and 5-year exits.

Modelled from average rental yield (dividends) plus compounded asset appreciation (value growth). Illustrative only.

2-Year Exit

14.7% / yr

29.3%

Total ROI · €586,139 on €2,000,000

Dividends (rental)20.8%· €416,000
Asset appreciation8.5%· €170,139
Investment base€2,000,000
Rental income20.8% · €416,000
Asset appreciation8.5% · €170,139
Total return29.3% · €586,139
Exit value€2,586,139
Annualised14.7% / yr

3-Year Exit

14.7% / yr

44.2%

Total ROI · €884,561 on €2,000,000

Dividends (rental)31.2%· €624,000
Asset appreciation13.0%· €260,561
Investment base€2,000,000
Rental income31.2% · €624,000
Asset appreciation13.0% · €260,561
Total return44.2% · €884,561
Exit value€2,884,561
Annualised14.7% / yr

5-Year Exit

14.9% / yr

74.6%

Total ROI · €1,492,866 on €2,000,000

Dividends (rental)52.0%· €1,040,000
Asset appreciation22.6%· €452,866
Investment base€2,000,000
Rental income52.0% · €1,040,000
Asset appreciation22.6% · €452,866
Total return74.6% · €1,492,866
Exit value€3,492,866
Annualised14.9% / yr

Projections aggregate current asset specs across the portfolio. Actual returns depend on execution, market conditions and refinancing. Past performance does not indicate future results.

European Expansion

A collection built one destination at a time.

The initial portfolio is designed as the foundation for a broader Agatovas collection of boutique city, island and wellness destinations.

  • Ghent
  • Crete
  • Turkey
  • Portugal
  • Italy
  • Croatia
  • Mallorca
  • Côte d’Azur
  1. 2026Belgium flagship assets
  2. 2027Crete and Mediterranean leisure hospitality
  3. 2028Turkey / Greek Riviera wellness and boat experiences
  4. 2029Portugal and island destinations
  5. 2030Italy and heritage lifestyle properties
  6. 2032+European boutique hospitality collection

Investment Opportunity

Investment opportunity.
Round 1

€2,000,000

Caenen Investment 2 BV is opening a €2M investment opportunity to complete the initial €5M Agatovas Real Estate portfolio alongside €3M approved Belgian bank financing.

Use of funds

  • Debt restructuring K135
  • Acquisition of Villa Olympia
  • Acquisition of Maison12
  • Renovation and upgrade works
  • Agatovas hospitality standard implementation
  • Digital infrastructure
  • Direct booking systems
  • Working capital and reserves

Investor profiles

  • Private investors
  • Family offices
  • Real estate investors
  • Strategic hospitality investors
  • Long-term wealth investors

Download Investor Package

Request the confidential investor package.

Qualified investors can request access to the Agatovas Real Estate investor package, including portfolio details, valuation summaries, investment structure and financial assumptions.

Investor Relations

A private conversation, on your terms.

For private presentations, financial documentation and structured investment discussions, please contact Agatovas Investor Relations.

Own the Assets.
Benefit from the Brand.

Disclaimer

This page is for information and discussion purposes only. It does not constitute a public offering, solicitation, investment advice or financial recommendation. All figures, valuations, projections and investment structures are indicative and subject to due diligence, legal documentation, financing conditions and applicable regulations. Past or projected performance is not a guarantee of future results.

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