Investment firm Boscalt and Edmond de Rothschild Asset Management have launched a new fund focused on the European hotel sector
The vehicle will invest €500 million ($582 million) in buying and rehabilitating hotel complexes in the main European capitals, according to brainsre.news. The partners want to create a portfolio of 1,500 rooms in eight to 12 buildings .
The fund will be open to retail investors, and has an investment horizon of three years.
