Invesco closes second European hotel fund

Invesco Real Estate (IRE) has announced the final close of its second European hotel fund with €200 mln of equity.

At end-February 2013, the fund had eight assets in Austria, Germany and the Netherlands valued at €280 mln.

Simon Redman, Managing Director - client portfolio management, Europe commented: 'The current assets plus the additional equity we have raised will allow us to grow the fund to €400 mln with leverage.'

Invesco Real Estate is a global real estate firm. In Europe, it manage 139 assets across 13 countries and has $5.9 bn (€4.6 bn) of assets under management.