Hospitality

BNP Paribas REIM launches €300m wellness-focused fund with QC Spa

The manager has purchased two assets via its Spa Property Fund and is in advanced discussions for a third.

Hospitality’s rise, fall and recovery

More institutional capital has entered the hospitality space as traditional sectors like offices and retail face challenges.

Listed REIT manager The RMR Group eyes private market expansion

The Massachusetts-based firm has hired Torchlight’s Mary Smendzuik as head of capital formation to grow its $12bn unlisted property business.

BGO closes latest Asia fund, its largest-ever vehicle

North American investors accounted for more than half of the capital raised, while the remainder came from Asia and the Middle East.

LACERS adds new manager amid calls for more opportunistic RE

The California pension has made its first real estate commitment since setting a reduced pacing plan targeting niche, distressed assets.

Legal & General to acquire majority stake in Proprium, bolstering private markets expansion

The deal will broaden and further internationalize L&G’s real estate exposure.

The private real estate industry is on watch amid recession fears

The fallout from Trump’s tariffs policy threatens to further delay a real estate recovery, but not everyone expects a slowdown to occur.

StepStone Group on finding opportunities in market turmoil

Illiquid markets and overleveraged assets have opened a slew of GP-led secondaries deals, says Jeff Giller of StepStone.

Ascendant Capital pulls in $750m for ‘stay’-focused real estate

The California-based real estate manager hit the hard-cap on its second fund, which will target US hospitality and residential properties.

M&G Real Estate to tap third-party capital for value-add strategy

This move comes as the firm approaches full deployment of capital from its first $900m international value-add strategy.