Fund name: Schroder European Operating Hotels Fund I
Current size: €425 million
Target size: €500 million
Fund status: Second close
Schroders Investment Management has held a second close on its Schroder European Operating Hotels Fund I. The fund hopes to invest in about 10-15 hotels in Western Europe. The firm will both own the real estate and operate the hotels through its Schroder Real Estate Hotels division. Since the hospitality industry was hit hard by the covid-19 crisis, the firm felt this would be the opportune time to invest in the industry.