The German company Union Investment launched a new fund dedicated to hotel acquisitions and opened to institutional investors first. The fund is called UII Hotel Nr.1 and it will have to be equipped with 250 million euros and last 10 years. The priority will be investing on economic, new generation structures, with long-term lease contracts in Germany (60% of the area) but also France, Belgium, Holland, Luxemburg, Austria, United Kingdom and Poland. A privileged ground will be economical hotels that fall under brands: the first tangible projects could be related to Motel One and Holiday Inn Express.
