PPHE to launch a European Hospitality Real Estate Fund of up to €250 million equity

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that it is in advanced discussions with a potential cornerstone investor with a view to launching a new European Hospitality Real Estate Fund (“the Fund”) of up to €250 million equity. It is the intention of PPHE that the Fund will launch with the initial contribution of its existing asset in Rome and an equity commitment of up to €75 million from a cornerstone investor (with an upper limit of 49% participation). Launch would also be subject to regulatory approval.

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