Global investment group Eurazeo has announced the establishment of a strategic partnership with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers.
Eurazeo and PSP Investments will invest equal amounts in the joint venture, planning to invest up to €300 million of equity in hotel assets or portfolios across Europe, which offer significant potential to unlock value through upgrades and targeted asset management initiatives.
In line with all future investments of the partnership, the refurbishment program will be carried out with a strong sustainability component, focused on monitoring and reducing water consumption, energy usage, and carbon emissions.
Read more: BH
