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NEWS
Alta Capital Real Estate launches new fund targeting hospitality developments focused on sustainability and wellness
POSTED 25 Mar 2021 . BY Megan Whitby
The aim is to create an Alta Hospitality Fund Asia portfolio with a value of US$50m (€42m, £36m) Credit: Alta Capital Real Estate
Hospitality asset prices are dislocated due to the pandemic, which provides an interesting point in the cycle to invest
– Rakesh Patel
At a time when companies in the hospitality sector are facing unprecedented challenges, private equity firm Alta Capital Real Estate has grasped the opportunity to invest in undervalued wellness hospitality assets across Asia-Pacific.

It recently launched the Alta Hospitality Fund Asia with the aim of “repositioning, rebranding and redeveloping assets for the post-COVID world in order to deliver solid returns”.

It aims to create a portfolio value of US$50m (€42m, £36m) and deliver a return of 15-25 per cent over six years.

The fund is being helmed by former HSBC head of equities for Asia-Pacific, Rakesh Patel, who decided to launch it because it’s timely to do so, but also because he has a personal passion for wellness stemming from an ‘incurable’ illness as a teenager which he overcame by following the Gerson Therapy regime.

“Hospitality asset prices are dislocated due to the pandemic, which provides an interesting point in the cycle to invest,” he explains, “plus, we’re predicting accelerated growth in wellness in the future, because people have become increasingly conscious of their physical and mental wellbeing.”

Alta quotes GWI figures, reporting that the wellness tourism market is projected to achieve a compound annual growth rate of nearly 7 per cent between 2020 and 2025, reaching US$1.1bn (€923.8m, £792.6m) in revenues by 2025.

Consequently, Patel argues it makes good sense to reposition assets for this structural trend, saying: “acquiring assets at this point helps us manage our downside risk while giving us an attractive upside reward.”

The company won’t invest in standalone spas, but will focus on hospitality assets that either already have an existing wellness component or could be repositioned that way.

It has a particular interest in acquiring boutique hotels, wellness retreats and villa communities with 50-150 keys.

To find out more about Alta and its plans for sustainable luxury properties in Bali and Sri Lanka, check out the latest issue of Spa Business magazine.
Sign up here to get the Spa Business and Spa Business insider weekly ezines and every issue of Spa Business and Spa Business insider magazines free on digital.
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News   Products   Magazine
NEWS
Alta Capital Real Estate launches new fund targeting hospitality developments focused on sustainability and wellness
POSTED 25 Mar 2021 . BY Megan Whitby
The aim is to create an Alta Hospitality Fund Asia portfolio with a value of US$50m (€42m, £36m) Credit: Alta Capital Real Estate
Hospitality asset prices are dislocated due to the pandemic, which provides an interesting point in the cycle to invest
– Rakesh Patel
At a time when companies in the hospitality sector are facing unprecedented challenges, private equity firm Alta Capital Real Estate has grasped the opportunity to invest in undervalued wellness hospitality assets across Asia-Pacific.

It recently launched the Alta Hospitality Fund Asia with the aim of “repositioning, rebranding and redeveloping assets for the post-COVID world in order to deliver solid returns”.

It aims to create a portfolio value of US$50m (€42m, £36m) and deliver a return of 15-25 per cent over six years.

The fund is being helmed by former HSBC head of equities for Asia-Pacific, Rakesh Patel, who decided to launch it because it’s timely to do so, but also because he has a personal passion for wellness stemming from an ‘incurable’ illness as a teenager which he overcame by following the Gerson Therapy regime.

“Hospitality asset prices are dislocated due to the pandemic, which provides an interesting point in the cycle to invest,” he explains, “plus, we’re predicting accelerated growth in wellness in the future, because people have become increasingly conscious of their physical and mental wellbeing.”

Alta quotes GWI figures, reporting that the wellness tourism market is projected to achieve a compound annual growth rate of nearly 7 per cent between 2020 and 2025, reaching US$1.1bn (€923.8m, £792.6m) in revenues by 2025.

Consequently, Patel argues it makes good sense to reposition assets for this structural trend, saying: “acquiring assets at this point helps us manage our downside risk while giving us an attractive upside reward.”

The company won’t invest in standalone spas, but will focus on hospitality assets that either already have an existing wellness component or could be repositioned that way.

It has a particular interest in acquiring boutique hotels, wellness retreats and villa communities with 50-150 keys.

To find out more about Alta and its plans for sustainable luxury properties in Bali and Sri Lanka, check out the latest issue of Spa Business magazine.
Sign up here to get the Spa Business and Spa Business insider weekly ezines and every issue of Spa Business and Spa Business insider magazines free on digital.
RELATED STORIES
FEATURE: Spa people: Rakesh Patel


Rakesh Patel talks about Alta’s dedicated hospitality fund in Asia
Delos partners with TPP Capital to advance access to health and wellbeing solutions in urban communities


Global wellness real estate and technology company Delos is collaborating with TPP Capital Management Group (TPP) – a Black-led social impact private equity fund manager and healthcare real estate development firm – to advance health and wellness through buildings in urban communities.
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First 1000 Day of Wellness to unveil conception wellness training led by Christine Clinton and Joanne Berry
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Ghislain Waeyaert departs Deep Nature and becomes president of bbSpa’s new French division
Ghislain Waeyaert, former VP of French wellness brand and consultancy Deep Nature, has been appointed president of the new French branch of Italy-based global spa consultancy bbSpa_Group.
Michael Bruggeman spearheading One Well World foundation to inspire global wellbeing
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Tel: +44 (0)1462 431385

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