Schroder Real Estate raises €300m

The UK-based firm achieved a first close for its debut hotel fund.

  • Fund name: Schroder European Operating Hotels Fund
  • Amount raised: €300 million
  • Target size: €500 million
  • Stage of fundraising: First Close
  • First close date: January 2020

Schroder Real Estate Investment Management has held a first close on its debut hotel fund, Schroder European Operating Hotels Fund, at €300 million ($331.9 million). The fund focuses on creating a diversified portfolio of European hotels through acquisition, selected refurbishment and operational improvement of existing under-managed or under-invested hotels across Western Europe.