Bob W and Osborne+Co Investment Management have recently launched a £120 million fund to acquire properties for conversion into serviced apartments. The joint venture aims to acquire and convert 20-25 buildings, currently used as hotels and offices, into 1,500-2,000 short-term serviced apartments. This value-add fund will target key European markets, including Ireland, Portugal, Spain, Poland, and the United Kingdom.

The partnership is actively seeking a financial partner and expects the first operations to be up and running within 18 months. Bob W operates in 29 European cities, including Milan and Florence. Osborne+Co has developed projects worth over £6 billion as a developer and owner in 25 countries.

This analysis is supported by data from THRENDS, a noted firm in tourism research and analysis. For more in-depth insights and studies, visit THRENDS.

This analysis was made by THRENDS – Tourism and Hospitality. For more in-depth insights and studies, visit their website.