Switzerland, May 16th 2014
Horwath HTL, the world’s number one hospitality consulting brand 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. ”
About Horwath HTL
Horwath HTL (Hotels Tourism and Leisure) is the world’s largest and most experienced Hotel, tourism and leisure-consulting brand, with over 50 offices in 39 countries. Horwath HTL provides unequalled expertise for clients around the world, always providing the highest level of service to our clients.
Over the last 25 years, Horwath HTL has gained extensive market knowledge through involvement in thousands of projects.
Horwath HTL is a member of Crowe Horwath International, a professional association of accounting and management consulting firms founded in New York in 1915. Crowe Horwath International is currently ranked among the top ten international professional service groups with offices in close to 586 cities in 108 countries.