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BNP Paribas launches new European hotel fund

by Jody Barhanovich

BNP Paribas REIM Germany has launched a new European hotel real estate vehicle, Euro City Hotel Fund, according to IREI’s FundTracker database.

Euro City Hotel Fund follows a core, core-plus investment strategy and will invest in hotel properties throughout Europe. The fund seeks to raise €350 million ($375 million) in total equity commitments.

The firm manages and administrates real estate funds and real estate debt funds for institutional investors. It currently manages around €5 billion ($5.36 billion), of which approximately €4.8 billion ($5.1 billion) is allocated to 14 special funds, two Luxembourg vehicles and four separate accounts.

Among the additional funds managed by BNP Paribas is Real Value Fund, a value-added real estate fund that invests in office and retail properties throughout Europe. The fund previously acquired an office property in the Prenzlauer

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