Alta Capital Real Estate has launched an opportunistic fund to target assets in Asia-Pacific.

The Alta Hospitality Fund Asia fund aims to create a $50m (鈧�42bn) portfolio and deliver an internal rate of return of between 15% to 25% over six years, the fund鈥檚 manager said. 

The fund, which has already identified a number of investment opportunities, targets assets that are too small for global players and too large for individual investors.

The fund will invest in 鈥漸ndervalued sustainable and wellness hospitality assets鈥� in key urban and resort locations around Asia-Pacific including Thailand, Vietnam, Indonesia, Sri Lanka, Malaysia, Korea and Japan.

Alta CEO and founder Rakesh Patel has made a 鈥渟ignificant personal investment鈥� in the fund, which has also already attracted commitments from other investors.

Patel said: 鈥淐onsumers are looking for more meaningful travel that incorporates traditional and modern wellness practices as well as authentic local experiences. They are increasingly mindful of the approach that brands take to the environment, their employees and the communities in which they operate.

鈥漈hat is why wellness and sustainability are at the core of Alta鈥檚 investment strategy. We believe they can drive attractive returns for investors, create memorable experiences for guests and add value to local communities and the environment.鈥�

To read the digital edition of the latest 91传媒在线 magazine click . 

Topics