Proprietary-capital buyer seeking income-producing acquisitions across Europe’s gateway cities. 100% equity, own funds, no financing dependency - long-term hold, sole ownership, no JVs. Hospitality focus: leased hotels let to a third-party operator with a strong covenant. Double or triple-net structures preferred, HMA structures considered selectively. Minimum 6% net yield. Prime, central urban locations only - key count assessed case by case. Value-add (refurbishment, repositioning, income optimisation) considered. No ground-up or greenfield development. Target markets: London - prime / central (principal market) Milan and Rome - hospitality and logistics Athens Bucharest Prime city-centre locations in France, Spain and Portugal Israel - retail only Not considered: Switzerland, Germany. Also considered in approved markets: offices, residential, logistics, retail and student accommodation. Tickets of €10M-€20M considered selectively. To be screened, please include: city/submarket, key count/GFA, tenure, lease/HMA/operator, asking price, net yield, NOI/EBITDA/GOP, capex/repositioning plan, and direct seller-side authority.