Global Mutual creates hotel investment and management division

Real estate investor Global Mutual has created a new division called Global Mutual Hotels. 

Ritchie Gardiner

This move comes after they bought Okami Hospitality Partners, a company that specializes in hotel investments and management.
This new hotel platform will work with investors to buy hotels and aim for good returns by carefully choosing properties and actively managing them. 
Global Mutual Hotels already manages €500 million in assets and will continue to operate in Europe, with plans to expand into the USA, Middle East, and Asia.
The acquisition combines Global Mutual's large size and financial power with Okami's strong experience in the hotel industry and extensive network of contacts.
Ritchie Gardiner, managing director at Global Mutual, said: “We are incredibly excited about the launch of Global Mutual Hotels, the Okami team bring operational expertise and entrepreneurial spirit which perfectly aligns with our approach. With the volatile macro environment and our skills, we see a growing opportunity set in the sector to create compelling value for our investors.”
Javier Batlle, managing director at Global Mutual Hotels, commented: “We are honored to join the Global Mutual family, and thrilled to maximise the potential of our expertise with the support of Global Mutual’s reach, capital, and strategic capabilities. We remain dedicated to delivering excellent asset performance on behalf of our investors, now strengthened by this new platform.”
The creation of Global Mutual Hotels is part of Global Mutual's overall growth strategy to build specialized platforms that pursue specific investment opportunities.
Global Mutual manages a £5 bn (€5.8 bn) portfolio comprising assets across the retail, office, industrial, residential, storage, car parks, life-science, leisure, and hotel sectors.