Parnexus

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Search created: 16/10/2024

Investor: Owner operator​/​private equity Investment Type: Value-add ​/​ opportunistic investors. Looking for properties already trading, redevelopment opportunities, development opportunities with planning permission or to partner with developers (can forward fund or JV with developers). Returns: At least mid-teen IRRs, preferably 20%+ Min size: £30m though looking for larger opportunities. Ideal would be £100-200m. This can include portfolio deals. No. Keys: Urban hotels 80+, Resorts 150+ Location: UK and Europe. Key cities with high footfall (London, Barcelona, Paris etc.), near public transport and near tourist attractions or business locations. Or other key tourism destinations (Sicily, Ibiza etc.) or more emerging tourism destinations (Albania and Malta etc.) Value-add: Always looking for uplift. Will not take planning risk. Can take development risk. Value added also via refurb, reconfiguration, redevelopment, operational CAPEX and operating efficiencies. Star level: Can look at luxury and budget, as long as they achieve their IRR target. Type: Agnostic - Resorts, big box hotels, aparthotels.

Details

  • Budget MINIMUM30,000,000 GBP
  • Budget MAXIMUM200,000,000 GBP

Location Preference

UK and Europe London Barcelona Paris Sicily Ibiza Albania Malta

Age / Year

10+yr since refurb