Catella Property Investment Management has appointed a three-strong team from specialist pan-European hotels investment and management business Algonquin to launch a new hospitality arm.
The new unit, named Catella Hospitality Europe (CHE), is being set up in partnership with managing directors Pierre-Louis Bellanger, Rodolphe Frégé and Maxime des Monstiers, and will assist investors with sourcing, structuring and managing tailored hotel investment opportunities.
CHE will serve both core and value-add investors with turnkey investment and asset management services.
Bellanger has spent 10 years within Algonquin’s acquisition team while Frégé has spent the last three years as an investment director. Des Monstiers has been supervising 21 (3 to 5 star) hotels and serviced apartments from 50 to 400 rooms as co-head of operations at Algonquin.
'Establishing CHE is a logical step in Catella’s strategy. Building a strong dedicated team for this segment is the key driver for success. Pierre-Louis, Rodolphe and Maxime bring us an unique sector competence in this field,' said Timo Nurminen, head of Catella Property Investment Management.
'It is great to join forces with Catella and benefit from its long-lasting relationship with most European Real Estate investors. The group’s focus on the development of investment management platforms will enable us to work along country specialists present in nine European countries. We will offer our hotel expertise to real estate investors willing to address one of the most promising asset class on today’s real estate market,' added Bellanger, Frégé and Des Monstiers.