Metrospaces to launch Latin American boutique hotel investment fund

US: Miami-based developer and operator Metrospaces has announced plans to launch the first boutique hotel investment fund with a focus on Latin America.

US: Miami-based developer and operator Metrospaces has announced plans to launch the first boutique hotel investment fund with a focus on Latin America.

Called Boutique Hotel RE Partners, the fund will seek to raise US$15 to $25 million.

Metrospaces CEO Daniel Silva said: “We will seek to launch fund raising for the boutique hotel fund in the next 30 to 60 days. The funds focus will be new boutique hotel development. My personal experience and track record in this particular area of the hotel industry aligned with our capacity to attract investment funds will no doubt bring very exciting results to our investors and partners.”

“We will seek to take advantage of a much unserved market of luxury boutique hotels in Latin America. We have clear and visible investment opportunities in various markets across the region; one that we think is only in its infancy. We are in final discussions with two prominent North American investment banks in order to help us in the marketing, which we expect to last approximately 90 to 120 days. This type of financing is very favourable to our investors since it allows the company to effectively leverage its own capital.”

www.metrospaces.net

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