Real Estate has bought 13 hotels in Germany and the Netherlands for 鈧�530m on behalf of three mandates.
The portfolio was acquired for the newly-established and two separate account mandates, the company said.
In a , Danish pension fund ATP said Invesco had sourced its acquisition of a Munich hotel 鈥� in joint venture with a Dutch investor 鈥� for 鈧�187.5m.
Andy Rofe, managing director at Invesco, said: 鈥淚n our view, hotels are now seen as mainstream real estate investments and we are delighted that the appetite from our growing client base into the sector supports this view.鈥�
He said Invesco Real Estate鈥檚 investment in hotels was growing and that the unit had concluded two closed-ended hotel funds and transacted around 鈧�2bn in the sector on behalf of the pooled funds and separate accounts.
鈥淚n 2017 we have already transacted or have in the pipeline around 鈧�900m of transactions for the new fund and our growing portfolio of separate accounts,鈥� Rofe said.
In July, Invesco Real Estate said it had for its third pan-European hotel fund.
