Internos Hotel Real Estate Fund: €260 million to invest in European hospitality

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Published on 06/06/17 - Updated on 17/03/22

Jochen Schaefer-Suren, Head of INTERNOS’ Hotel and Leisure division

Internos Global Investors, European asset manager specialized in real estate investments, has closed its Hotel Real Estate Fund II. It has reached €133 million meaning a €260 million investment capacity in hospitality.

The European real estate manager Internos Global Investors has finalized its Hotel Real Estate Fund II with a €133 million-worth fund raise. Considering a targeted 50% loan-to-value ratio, this operation generated €260 million available for hotel investment capabilities. By 2019-2020, the aim is to bring the fund's total assets under management (AUM) to €500 million. The capital was brought by seven German institutional investors who had already invested in Internos' first fund raise.

Its strategy targets 3- to 4-star properties located in European business centers, so as to generate a return on investment through renovation works, conversion, or repositioning operations. Some hotels are already discussed in order to use the capital in 12 to 18 months.

Internos Global Investors already operates more than 600 properties across 8 countries, and owns to this day €3.5 bn in AUM, €1 bn of which invested or to be invested within hotel real estate.

Also read:

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  • Huazhu acquires Crystal Orange Hotels
  • The Austrian hospitality group Vienna House purchased by Thai real estate champions
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