Advanced Hotel Fund offers investors the possibility to get exposure to a real estate class that has seen growing interest in the last years, while keeping a focus on the Central and Eastern European region, an area with great growth potential.
Our investment criteria
Target assets
Hotels or mixed-use assets where the hotel component generates more than 50% of the rental income or EBITDA
Geographical focus
Major markets in Central Europe and neighboring countries
Target returns
Equity yield – 5%
IRR – 12%
Target financing
Maximum of 50% at fund level
Our expertise
Fund Management
Accounting and Tax
Reporting to competent authorities
Compliance
Quarterly NAV calculations
SPV management
Portfolio Management
Macro and micro research to identify target markets and follow market trends
Development of investment strategy and objectives
Risk management
Financing
Insurance
Data and document management
Asset Management
Reporting on portfolio assets
Prepare rental/operating concepts for new tenants or operators
Rental of other areas if necessary
Selection, coordination and appointment of companies for CAPEX
Project management for refurbishment and extension projects
Acquisitions
Maintain extensive network of brokers, operators, owners and banks to source deals
Assessment of potential acquisitions
Full due diligence of identified opportunities with legal and technical advisors
Negotiation on economic terms
Transaction structuring
Contract negotiation and closing
Disposals
Teaser/info memo preparation with selected broker
Data room set up
Data room and Q&A management
Negotiation on economic terms
Contract negotiation and closing
Fund structure
Advanced Hotel SICAV a.s. – fund vehicle
Fund details
- Fund vehicle set up in Prague, Czech Republic
- Invests through its sub funds in hotel and mixed use assets
- Management company: Advanced Hospitality Management s.r.o.
Accounting, regulatory, tax
- Fund administrator: TBA
- Tax and accounting: Ekonomix
Advanced Hotel sub-fund – first hotel sub-fund
Sub-fund dedicated to hotel investment through
- Existing real estate assets
- Development projects
Our team
Nicolas Horky
Partner
Nicolas has 15 years of experience in real estate, focusing on the hotel asset class. After starting his career in Prague at MaMaison Hotels & Residences, he recently worked at Principal Real Estate Europe in London within their hotel investment team, and then at Group Ott in Prague.
Michail Bezrukov
Partner
Michail has 20 years experience in Hospitality and Real estate markets in Europe. His professional experience is linked to ORCO Property Group and renowned operators such as Hilton and Marriott. Michail connects international operators with real estate investors and mediates relationships to maximize the return.