has secured an initial £100m (€117m) commitment for a newly launched UK operating hotels strategy.

Schroders Capital UK Operating Hotels has been launched â€�to cater to strong inbound investor demandâ€� following the success of , the pan-European sister fund which closed above its fundraising target at €525m two years ago.

The manager entered the hotel sector back in 2018 when it acquired Algonquin, a hotels investor with €1.8bn in assets under management at the time.

James MacNamara, head of operating real estate strategies at Schroders Capital, said: â€œThis launch reflects our commitment to providing our clients with diverse investment opportunities in highly operational real estate sectors and further strengthens our position as one of a leading players in the market.

“Schroders Capital is well-positioned to bring the platform’s experience and track record to bear in identifying, securing and managing attractive investment opportunities.�

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