Global Mutual has launched a new hotels platform following the acquisition of specialist hotel investment and asset manager Okami Hospitality Partners.
Global Mutual Hotels, which has €500m of assets under management, will partner with existing and new investors to acquire hotels and generate attractive risk-adjusted returns through disciplined asset selection and active asset management. The platform will continue to operate across Europe followed by expansion into the USA, Middle East and Asia.
Ritchie Gardiner, managing director at Global Mutual, said: “We are incredibly excited about the launch of Global Mutual Hotels, the Okami team bring operational expertise and entrepreneurial spirit which perfectly aligns with our approach. With the volatile macro environment and our skills, we see a growing opportunity set in the sector to create compelling value for our investors.”
Javier Batlle, managing director at Global Mutual Hotels, added: “We are honoured to join the Global Mutual family, and thrilled to maximise the potential of our expertise with the support of Global Mutual’s reach, capital and strategic capabilities. We remain dedicated to delivering excellent asset performance on behalf of our investors, now strengthened by this new platform.”
