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Real estate investment management firm Global Mutual has announced the launch of Global Mutual Hotels after its acquisition of Okami Hospitality Partners.
With €500m (£432m) assets under management, Global Mutual Hotels will continue to operate across Europe followed by expansion into the USA, Middle East and Asia.
This acquisition leverages Global Mutual’s scale and capital strength alongside Okami’s proven sector track record and deep hotel relationship network.
The new platform will partner with both existing and new investors to acquire hotels and generate attractive risk-adjusted returns. The firm believes that the launch marks the next stage in the company’s growth, as it builds and grows specialist sector platforms.
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.”
Founded in 2008, Global Mutual manages a £5bn portfolio comprising assets across the retail, office, industrial, residential, storage, car parks, life-science, leisure and hotel sectors.
