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Worldwide: Real estate investment manager Global Mutual has launched its hotel investment and asset management platform, Global Mutual Hotels.
The launch follows the acquisition of Okami Hospitality Partners, a specialist hotel investment and asset manager.
Global Mutual Hotels currently has €500 million in assets under management, comprising 1,000 keys with an additional 1,000 keys in development across Spain and Portugal.
The platform will partner with both existing and new investors to acquire hotels and support with active asset management. Further expansion is targeted in the USA, Middle East and Asia.
Ritchie Gardiner, managing director at Global Mutual, said: “We are incredibly excited about the launch of Global Mutual Hotels. The Okami team brings operational expertise and entrepreneurial spirit which perfectly aligns with our approach. With the volatile macro environment and our skills, we see a growing opportunity set in the sector to create compelling value for our investors.”
Javier Batlle, managing director at Global Mutual Hotels, added: “We are honoured to join the Global Mutual family, and thrilled to maximise the potential of our expertise with the support of Global Mutual’s reach, capital and strategic capabilities. We remain dedicated to delivering excellent asset performance on behalf of our investors, now strengthened by this new platform.”
Highlights:
• Global Mutual has launched Global Mutual Hotels for hotel investment and asset management.
• The launch is driven by the purchase of Okami Hospitality Partners.
• Portfolio includes 1,000 keys with another 1,000 keys in the pipeline across Spain and Portugal.
• Further expansion is targeted in the USA, Middle East and Asia.
