Investment Strategies
Dutch Firm Rolls Out New Hotels Investment Fund - Report
Dutch asset management company Odyssey Fund Management has
launched the Odyssey European Hotel Fund, which will be open to
institutional investors, according to Property Magazine
International.
Odyssey is launching the fund to exploit cheaper valuations for
hospitality room rates brought about by economic pain being
suffered in the hospitality market.
The OEHF invests in 3 and 4 star hotels located in major and
larger cities in western European countries. The focus is on The
Netherlands, Belgium, UK, Germany and Spain. All hotels operate
on the basis of lease agreements with reputable national and
international chains.
The Netherlands based Fund is targeting an internal rate of
return of 9 per cent to 10 per cent and has a 7 to 9 year life.
It is aiming at €400 million (around $598 million) size with
conservative gearing. It is open to institutional investors
making investments from €10 million.