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February 7, 2022

Eurazeo, PSP Investments partner to invest in hotels across Europe

The partnership will acquire a Spanish hotel group from Grupo Empresas Matutes and El Corte Inglés.

Global investment firm Eurazeo has established a strategic partnership with Canada’s Public Sector Pension Investment Board (PSP Investments) to invest in hotels across Europe.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The firms have created a joint venture and will invest equal amounts in it.

Through this, the companies will invest up to $114.23m (€300m) of equity in hotel assets or portfolios across Europe.

The partners will initially focus on large assets or portfolios that can benefit from upgrades and targeted asset management initiatives.

As part of this venture, the partners entered into agreement to purchase the Spanish hotel group, FST Hotels, which operates under the Ayre brand. It is owned by Grupo Empresas Matutes and El Corte Inglés.

FST Hotels owns and operates an 800-room portfolio across five hotels, primarily located in Madrid and Barcelona.

Following the acquisition, the hotels will undergo refurbishment, repositioning and rebranding.

The transaction is subject to relevant antitrust authorities’ approval and is expected to close by the end of March this year.

Eurazeo real assets managing partner Renaud Haberkorn said: “Since establishing our real estate division in 2015, Eurazeo has invested almost €900m of equity from its balance sheet in real estate opportunities targeting properties and companies with underlying real estate assets across Europe.

“Exits to date have delivered strong performance and, with our proven track record, we are now looking to invite like-minded third-party partners to invest alongside us in a pan-European opportunistic real estate investment programme.

“We are thrilled to welcome PSP Investments as our first partner in a dedicated hospitality partnership, as part of this programme.”

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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