The TUI Group is launching an international hotel fund in order to further expand its own hotel division outside of Europe. A fund with a gross target volume of EUR 500 million is to be created together with the Luxembourg unit of Hansainvest. According to TUI, the fund is primarily aimed at institutional investors with a long-term investment horizon. A large German pension fund is said to have already made a capital commitment for a significant proportion of the equity volume. TUI itself holds ten percent of the equity in this fund.
The fund is intended to be used to make investments in new hotel complexes that are being acquired or newly developed and that are not yet part of the TUI Group. In addition, individual systems from the current portfolio of the TUI Group are to be acquired. The properties are to be operated under the international hotel brands of the TUI Group such as Robinson or TUI Blue and operationally managed by TUI.
TUI also explained that further funds could be set up in the future that focus on expanding its own hotel segment within Europe.