About the BVK hotel fund
We are delighted to have been asked to provide our services to the BVK – one of Europe’s most important institutional investors with approx. 97 billion euros in assets under management. In 2018, the GBI launched a hotel fund together with the BVK and Universal-Investment as a service capital management company. This is a special fund under Luxembourg law that invests in hotels in the DACH region. GBI’s scope of tasks here ranges from the acquisition and management to the exit of the hotel properties.
The fund’s target volume is 500 million euros and assets with a value of 360 million euros have already been acquired.
Acquisition profile of the BVK hotel fund
For our fund, we are seeking appropriate projects from the following areas:
HOTELS & SERVICED APARTMENTS
- Sites in the DACH region
- A to B cities
- Primarily hotels in the budget to upscale category
- At least 120 rooms
- Fixed lease & rental agreements with a franchise structure
- No sales or management contracts
- No conference and convention hotels
- Core risk strategy
Portfolio Properties
- With long-term lease & rental agreements
- With expiring leases & rental agreements
- Refurbishments
- Acquisition of properties with subordinate combination of retail, bars & restaurants, and office space (quota 25% of total rent) possible
- Parcel purchase
Project development
- Forward deals
- Maximum time to completion 32 months
- Conclusion of purchase contract possible even before planning permission is granted
- With long-term lease & rental agreements
- Acquisition of properties with subordinate combination of retail, bars & restaurants, and office space (quota 25% of total rent) possible
- Parcel purchase