Azora raises €815m

The Madrid-based private real estate manager exceeds target for the latest European hotel fund by 36%.

Fund name: Azora European Hotel & Lodging
Amount raised: €815 million (including co-investment)
Target size: €600 million
Time on the road: One year and two months
Stage of fundraising: Final close

Azora has announced its final close on Azora European Hotel & Lodging fund on €815 million, exceeding its €600 million target. The vehicle will invest in hospitality sector in pan-European regions, which aims to invest both in traditional beach and mountain destinations in the main European tourist cities.