AXA's 2015 included €250M worth of hotel acquisitions

Following its purchase of the Jaz in the City hotel in Amsterdam this past November, AXA Investment Managers - Real Assets has completed an estimated €250 million of hotel acquisitions since January 2015, acquiring three hotels with a total of 1,064 rooms. 

Other purchases completed during the year included the 250 City Road development (slated to open in 2018) and the Hilton Hotel Pasadena in California.

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According to Property Magazine International, AXA IM - Real Assets has built its hotels portfolio on behalf of "an increasingly wide variety and number of both AXA insurance companies and third-party clients who are attracted by the strong income potential of the asset class and the flexibility of investing into properties which require different levels of asset management in line with various risk profiles."

Hideki Kurata, head of alternatives at AXA IM - Real Assets, noted that the company's hotel portfolio now stands at over €2 billion, and told the paper that the company is "actively targeting" more opportunities in 2016, primarily focused on Paris, London and cities in Germany, Italy and Spain.

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