Losan Hotels World has announced it is launching a new fund to acquire EUR 1.6 bn of hotel assets around the world over a three-year period, starting in 2009. The Madrid-based firm owned by César Losada and Spanish banking groups also said on Monday that its first fund closed with a EUR 750 mln portfolio of 15 top-class hotels, providing some 4,200 hotel beds, in main European and American cities. This first fund achieved annual returns of over 45%.
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