Schroders Capital said on Wednesday that it has secured an initial £100 mln (€117 mln) commitment for a dedicated UK Operating Hotels strategy.
The strategy is being launched to cater to strong inbound investor demand following the success of Schroders' pan-European sister fund. Schroders Capital European Operating Hotels strategy closed above its fundraising target at €525 mln two years ago.
The new UK stragegy will leverage Schroders Capital's 40-strong hotel investment and asset management team to secure control positions in operationally intensive hotel assets in established growth cities across the UK.
James MacNamara, head of Operating Real Estate Strategies at Schroders Capital, said: 'This launch reflects our commitment to providing our clients with diverse investment opportunities in highly operational real estate sectors and further strengthens our position as one of a leading players in the market.'
