Iremis closes on first phase of new hotel real estate fund

Luxembourg-based real estate investment manager Iremis has announced the first closing of its new hotel real estate fund.

Iremis Hotel Immobilienfonds will look at city-centre hotels in the Eurozone, Hogapage reported with the ability to focus on core/core+ to value-add investments.

What they said

Peter Lenhardt , Iremis managing director and head of hotel and leisure, said: “The current hotel real estate market is tailor-made for IREMIS' specialized, active investment management approach. After more than a decade of easy monetary policy that has boosted the values ​​of all asset classes almost indiscriminately, today's levels of uncertainty, change and volatility call for specialized investment managers more than ever. Our extensive know-how and experience enable us to select the right markets, properties and strategies. Our broad network across the hospitality industry allows us to work with the best strategic partners, enabling us to add value and generate attractive returns on our preferred property classes.”

Jochen Schäfer-Suren , founder and co-chairman of Iremis, said: “Today's first closing of our first hotel real estate fund, just 14 months after Jos Short and I founded Iremis as a specialist real estate investment manager, is a great success and a milestone for Iremis . It's a testament to the quality of our team, experience and track record, our focused strategy, and the quality of our partners like Intreal. This is all the more gratifying as this closing reflects the excellent relationships and deep confidence of our institutional investors in a difficult macroeconomic context and challenging capital and real estate markets.”