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Luxembourg – IREMIS, the Luxemburg based specialist real estate investment manager today announced the first closing of its inaugural real estate fund, the IREMIS Hotel Immobilienfonds I (the Fund). The Fund is designed as a mid sized real estate fund focused on European hotel real estate investment opportunities in today ́s challenging real estate market. It is structured as a Luxembourg RAIF with IREMIS as its investment manager and INTREAL Luxembourg as its AIFM and has received significant capital commitments from several renowned German institutional investors.

The IREMIS designed Fund strategy is to acquire high-quality, well-located city center hotels in the Eurozone. The focus will be on dynamic markets with a balance between leisure and business demand and strong, strategic operating partners within hybrid leases. The Fund may pursue Core/Core+ to Value-Add investments. IREMIS will in particular leverage recent positive hotel trading but also use changes in the operator, brand, lease structure, repositioning, refurbishment, refinancing amongst others to create value. Value Add investments may even include holistic transformation of obsolete real estate, highlighting the flexibility the Fund ́s strategy provides to invest at the most attractive points of risk adjusted returns alongst the risk return spectrum.

Peter Lenhardt, IREMIS director and Head of Hotel and Leisure, said, „The current hotel real estate market is tailor-made for IREMIS ́ specialist, active investment management approach. After over a decade of loose monetary policy driving up values nearly indistinctively across asset classes, today ́s level of uncertainty, change and volatility requires more than ever specialist investment managers. Indeed, our extensive know how and experience allow us to select the right markets, assets and strategy. While our wide network across the hotel industry enables us to select the best strategic partners, so we can create value and generate attractive returns for specific real estate asset classes.“

Jochen Schäfer-Suren, Founder and Co-Chairman of IREMIS, said, „Today ́s first closing just 14 months after Jos Short and I set up IREMIS as a specialist real estate investment manager, is a major achievement and a milestone for IREMIS. It is testimony to the quality of our team, its experience and track record, our focused strategy and quality of our partners, like INTREAL. It is all the more rewarding as it reflects the excellent relationship and deep trust from our institutional investors in a difficult macro context as well as challenging capital and real estate markets.“

About IREMIS

IREMIS is a European real estate investment management firm founded and held 50/50 by Jos Short and Jochen Schäfer-Suren. Its strategy is to assemble and lead a group of real estate professionals with outstanding track records in specialist real estate asset classes to assist investors, lenders and occupiers to navigate the unprecedented challenges the world, its economy and real estate face today. IREMIS senior team has exceptional experience and track record in real estate development, investments, investment banking and fund management in senior positions and/or on boards of private and public companies.

About INTREAL

As a service KVG, INTREAL focuses on the launch and administration of regulated real estate funds for third parties. With 495 employees, the INTREAL Group offers many years of real estate know-how as well as detailed and highly professional fund administration knowledge. INTREAL group administers 294 funds via a large number of external fund partners with a total investment volume of around EUR 63.7 billion (all figures: as of the end of Q1/2023). Via its subsidiary INTREAL Luxembourg INTREAL is represented in Europe’s largest fund location, Luxembourg, INTREAL Luxembourg is an independent AIFM and central administrator for Luxembourg real estate funds.

English

Hospitality Investor: IREMIS closes first phase new hotel real estate fund

Property EU: IREMIS holds first close of inaugural hotel fund

React News: IREMIS raises first hotel fund

German

Immobilien Zeitung: Erstes Closing des IREMIS Hotelimmobilienfonds

Thomas Daily: IREMIS lanciert Hotelimmobilienfonds

Deal Magazin: Erstes Closing des IRMEMIS Hotel Immobilienfonds I

Property magazine: IREMIS lanciert Hotelimmobilienfonds

Hogapage: IREMIS gibt erstes Closing des IREMIS Hotel Immobilienfonds I bekannt

Deutsche Finanz Presseagentur: Erstes Closing des IREMIS Hotelimmobilienfonds I

KONII: IREMIS erstes Closing des IREMIS Hotel Immobilienfonds I