Invesco RE raises €200m for second hotel fund

October, 2013 Print

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Invesco Real Estate has announced that it has closed its second hotel fund with around €200 million in equity. Invesco Real Estate senior director, hotel fund management Marc Socker said the fund was a sign of growing interest in the hotel sector from institutional investors. “We are delighted with the growing recognition from the investor community that it offers a compelling investment story with long leases and strong stable income, two features which many investors find attractive in today’s environment.”

Invesco RE said it would use leverage to increase the size of the fund, and by the end of February, the fund had assets under management of around €280 million, with eight assets in Austria, Germany and the Netherlands. Invesco RE’s dedicated hotel sector funds have a combined assets under management of circa €920 million with 25 properties across the UK and Europe.

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