ICG Real Estate has launched a new investment platform together with specialist hotel investor and asset manager Pro-invest Group (Pro-invest), with a target to invest up to £500m in UK hotel assets.
The joint venture will acquire high-quality hotel assets in London and other core-UK markets.
Krysto Nikolic, Global Head of ICG Real Estate said: “We are excited about the opportunity developing in the UK hotel sector. This joint venture combines the strengths of ICG and Pro-Invest in hotel investing and asset management, positioning us well to invest into the ongoing changes in the current economic and business cycle which we believe will drive a period of dislocation and repricing”
You can now read the full press release at the link below