Boscalt and Edmond de Rothschild to invest €500M in hotels

Boscalt and Edmond de Rothschild to invest €500M in hotels

Boscalt and Edmond de Rothschild, together with a Luxembourg fund, are preparing to create a new partnership in Spain to invest in the hotel market in Europe. Porto is in the crosshairs.

This new vehicle will have 500 million euros to invest in hotels in major European cities, says Expansión.

To the Spanish newspaper, Jaume Tàpies and Liza Masías, founding partners of Boscalt, explain that, through the creation of a new venture capital fund, for professional and non-professional investors, the idea is to raise between 250 and 300 million euros of liquidity which, with the associated debt, will make it possible to have a portfolio of 8 to 12 hotels in Europe, with a total of 1,500 rooms.

This fund will look for 4 and 5 star hotels with more than 70 rooms in London, Rome, Madrid, Barcelona, ​​Bilbao, Seville or Porto. It currently has 31 projects under study, and those responsible are confident in a «unique moment in history to invest in the sector», cites Eco.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!