Alta Capital Real Estate has launched an opportunistic fund to target assets in Asia-Pacific.
The Alta Hospitality Fund Asia fund aims to create a $50m (β¬42bn) portfolio and deliver an internal rate of return of between 15% to 25% over six years, the fundβs manager said.
The fund, which has already identified a number of investment opportunities, targets assets that are too small for global players and too large for individual investors.
The fund will invest in βundervalued sustainable and wellness hospitality assetsβ in key urban and resort locations around Asia-Pacific including Thailand, Vietnam, Indonesia, Sri Lanka, Malaysia, Korea and Japan.
Alta CEO and founder Rakesh Patel has made a βsignificant personal investmentβ in the fund, which has also already attracted commitments from other investors.
Patel said: βConsumers are looking for more meaningful travel that incorporates traditional and modern wellness practices as well as authentic local experiences. They are increasingly mindful of the approach that brands take to the environment, their employees and the communities in which they operate.
βThat is why wellness and sustainability are at the core of Altaβs investment strategy. We believe they can drive attractive returns for investors, create memorable experiences for guests and add value to local communities and the environment.β
To read the digital edition of the latest ΒιΆΉΣ³» Real Assets magazine click .
