Horwath HTL has been appointed as advisors and asset managers for a brand new hotel fund, Keystone Hospitality fund, by its fund manager, LRI Luxembourg (AIFM).
The fund has a remit to concentrate on hotel assets within the European markets and will be looking to invest in the region of 750 million Euros over the next two to three years.
Additionally, Crowe Horwath International through their local Swiss office will be mandated with Tax Advise and Accounting Services at the respective property locations throughout Europe upon acquisition.
Heinz Wehrle, Managing Partner of Horwath HTL, Switzerland and global leader of Horwath HTL Asset Management services is on the board and has been advising the fund throughout the set-up phase said, "This represents a tremendous opportunity for Horwath HTL Asset Management teams across Europe to use their expertise and maximize the value of these real estate assets for the fund and its investors. The combination of the specific hotel experience we have together with the accounting and financial expertise of our parent company Crowe Horwath International represents a compelling proposition for investors. "
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