Schroders: continued demand for hotel real estate despite crisis
The coronavirus crisis has hit the hotel market hard. So one may expect this to negatively affect the demand for hotel real estate as an investment. Nevertheless, Schroder Real Estate Hotels has raised more than €400 million for its first pan-European hotel fund.
The majority of the capital has so far been pledged by major European insurance companies. Robin Hubbard, head of Real Estate Capital at Schroders, declines name any of these, but he does see a common denominator among the institutional investors who have committed to the fund.