Budget: €10–40M per asset | Below €4,000/sqm A cash-backed European hospitality fund with €200M deployment capacity is actively acquiring existing hotel assets across primary and secondary European cities. 4 transactions completed in the last 12 months with 2 currently in exclusivity. Requirements: - Existing hotels only — GIA of 2,000–6,000 sqm - Acquisition value (including capex): €10–40M - Maximum €4,000/sqm - Central locations or within 20 minutes of city centre by public transport - Walking distance to a train or metro station (1–8 minutes) Primary Markets: London, Edinburgh, Lisbon, Madrid, Barcelona, Malaga, Paris, Milan, Rome, Brussels, Vienna, Berlin, Munich, Hamburg, Amsterdam, Rotterdam, Copenhagen Secondary Markets: Budapest, Prague, Krakow, Warsaw, Seville, Valencia, Florence, Athens Assets of Particular Interest: - Complex or irregular buildings with deep floor plates, large ground floors, or challenging layouts - Former leisure or retail buildings difficult to convert to other uses - Hotels that have sat on the market for 12+ months without transacting - Family-owned or independent hotels where owners need a clean, smooth exit - Small hospitality groups facing operational or debt pressure - Fund-held assets that no longer fit the portfolio Cash buyer. No financing conditions. Ready to move immediately on the right asset.