Despite the corona pandemic, Europeans' desire to travel remains unbroken. Trends in the tourism sector such as conscious travel, workation, or short trips and the highly fragmented European hotel market offer great potential, especially for the upscale holiday hotels. Even under the influence of COVID-19, the holiday hotels are proving to be crisis-resistant. That presents interesting investment opportunities throughout Europe, especially in unique locations in the luxury hotel sector.
The fund structure - key points
The EV Leisure Hotel Fund 1 (WKN A3CY1U) is an open-ended special AIF under Luxembourg law - key data:
Fund structure: Luxembourg vehicle RAIF, corporate form SCS with fixed investment conditions for professional and semi-professional investors
Fund volume: Approx. EUR 500 m (EUR 250 m equity)
Minimum subscription amount: ≥ EUR 5 m / voting rights in the investment committee from ≥ EUR 50 m
Focus: Acquisition of existing hotels and resorts with repositioning potential (four or five stars after repositioning) in popular destinations in Europe
Risk profile: Value Add / Core plus properties
Strategy: 10-12 years/after exit and repayment
Partners: 12.18. Investment Management, notable architectural firms and hotel operators such as Hyatt, KVG service provider and custodian bank Hauck & Aufhäuser
ESG: Listed fund under Article 8 SFDR
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