Fund name: Azora European Hotel & Lodging
Current size: €680 million
Target size: €750 million
Fund status: Launched
Azora’s latest Azora European Hotel & Lodging fund will invest in hotels and resorts mainly on the Spanish waterfront. The real estate fund will encompass a value-added strategy for its investments. Azora felt it was an opportune time to raise money and invest in the hospitality industry due to the covid-19 industry downturn. The fund’s initial target was €600 million, which was promptly oversubscribed, causing the firm to raise its fundraising goal.