Swiss Life REIM (France) launches hotel fund
Swiss Life REIM's French subsidiary, Swiss Life REIM (France), is launching its second hotel fund. The fund, with a target volume of 300 million euros, invests in three- to four-star hotels in Paris or Nice.
Initially, a portfolio of seven hotels was acquired in Paris (9th and 16th arrondissements) and in the center of Nice. Two of the Paris hotels have already been completely renovated. In the future, the portfolio will mainly comprise four-star boutique hotels. (ah)
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