Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments.
The fund is acquiring hospitality real estate assets in U.S. growth markets. It has already made investments in 10 hotels that together have more than 2,1
Certares, a private equity firm with a focus on travel, has closed a $284 million fund dedicated to hospitality real estate. Concentrating on U.S. growth markets, the fund has already invested in 10 hotels, encompassing more than 2,100 keys. Leveraging its travel distribution assets, Certares aims to enhance demand and gather market intelligence, with an active pipeline for future investments.
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