Schroders Capital has secured an initial £100m (€117m) commitment for a newly launched UK operating hotels strategy.

Schroders Capital UK Operating Hotels has been launched ”to cater to strong inbound investor demand” following the success of Schroders Capital European Operating Hotels, the pan-European sister fund which closed above its fundraising target at €525m two years ago.

The manager entered the hotel sector back in 2018 when it acquired Algonquin, a hotels investor with €1.8bn in assets under management at the time.

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.

“Schroders Capital is well-positioned to bring the platform’s experience and track record to bear in identifying, securing and managing attractive investment opportunities.”

To read the latest IPE Real Assets magazine click here.