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10 Apr 2019

ASX Announcement - Launch of New Hotels, Tourism and Leisure Funds Management Initiative

Elanor Investors Group (“ENN”, “Elanor” or “Group”) is pleased to announce the establishment of a new multi-asset accommodation fund, the Elanor Luxury Hotel Fund (“ELHF” or “Fund”).

ELHF will comprise an initial portfolio of two Australian high quality premium hotels with significant near term operational and strategic value-add opportunities.

At inception, the Fund will have an asset portfolio valued at approximately $99 million, incorporating:

  • Mayfair Hotel Adelaide – a 170 room upper upscale hotel, located in Adelaide SA; and
  • Adabco Boutique Hotel – a 69 room upscale hotel, also located in Adelaide SA.

To read the full announcement, click here.