A fund set up by German fund manager Deutsche Fondsvermögen DFV has acquired the four-star Seehotel Am Kaiserstrand in the Austrian municipality of Lochau on the border with Germany.
A fund set up by German fund manager Deutsche Fondsvermögen DFV has acquired the four-star Seehotel Am Kaiserstrand in the Austrian municipality of Lochau on the border with Germany.
The special purpose vehicle invested a total of €26.2 mln in the hotel, including close to €12 mln in investor commitments. The fund aims to distribute initial monthly dividends of 5.75%, rising to 8% from 2031.
Seehotel Am Kaiserstrand has 102 rooms and is leased to the RIMC Seehotel Am Kaiserstrand Hotel Betriebs GmbH for 25 years. It caters both to tourists and business travellers and offers a wellness centre and spa.
