Otium Real Estate, the London-based fund manager headed by Land Securities' former retail management head Ashley Blake, has launched its second leisure property fund, Otium Leisure Ventures II.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
