FREO to invest €400m in Spanish hotels

FREO Group, an operating partner of global investors, has launched a new platform aiming to invest €400 million ($472 million) in hotels in Spain on behalf of institutional capital.

FREO is currently under exclusivity on a number of transactions, with a significant investment program planned to reposition the hotels. As part of its mandate, FREO is considering urban hotels in Barcelona and Madrid, as well as leisure hotels in popular tourist regions such as the Balearic Islands, the Canary Islands and the Costa del Sol. It is targeting well-located hotels that offer the potential to increase value through active asset management and is looking to complete this investment program over the next three years.

FREO has created a new platform for investment in hotels on a pan-European basis, led by Andrew Hunter, that brings together the group’s skills in finance, development and hotel operations. In 2019, FREO acquired a stake in and agreed a strategic partnership withÂ