The Bouwinvest Institutional Hotel Fund is an investment fund that invests in hotel real estate exclusively for the Dutch construction sector pension fund bpfBOUW in line with the pension fund’s financial targets and social ambitions. The Fund focuses on strategic locations in the largest cities in the Netherlands. The hotel portfolio is characterised by diversification, not only geographically, but also in hotel concepts such as budget hotels, lifestyle and extended stay, where both business and leisure travellers feel at home. The geographic spread follows the national trend aimed at spreading the number of tourists across the country. Over the past few years, hotel real estate has developed from a niche market to a full-fledged investment category with attractive solid returns for institutional investors. The Hotel Fund's strategy is based on three pillars: growth, distribution across the the G10 hotel cities and sustainability.
The Hotel Fund has a growth strategy for the coming years. bpfBOUW is the sole shareholder in the Fund. Growth will mainly be realised by investing in hotels spread over the ten largest hotel cities in the Netherlands and across various hotel concepts and hotel segments.
‘We aim for long-term lease contracts with a single partner that stands out from the crowd,’
Bas JochimsFund Manager Dutch Office & Hotel Investments
G10 global cities
We aim to invest at least 80% of the portfolio in the 10 largest hotel cities, with at least 50% in the Amsterdam/Schiphol region. Currently, the focus of the hotel portfolio is in Amsterdam and we are primarily looking for additional investments outside the capital city. This will enable us to spread risks and benefit from the positive economic and demographic outlook for other major hotel cities in the Netherlands.
Sustainability
In terms of sustainability, we set the bar high. In recognition of our efforts, in 2022 the fund was awarded a five-star GRESB sustainability certificate, which places it in the top 20% of the best performing real estate funds in the world.
Environmental, Social and Governance (ESG) factors will continue to play an important role in our investment strategy. We anticipate future sustainability wishes and requirements in both acquisitions and the existing portfolio and ensure resilience to climate change.
This is how we build on financial and social returns.
SFDR
On 10 March 2021, the Regulation on sustainability-related disclosures in the financial services sector (hereinafter: SFDR) came into force. The aim of the SFDR is to create more harmonisation in the sustainability-related disclosures that investment managers provide their clients and to make it easier to compare the financial products in terms of their sustainability.
Bouwinvest qualifies its products as light green, promoting ecological and social characteristics.
The Level 2 requirements of SFDR are applicable since the beginning of 2023. In addition to the generic statements, Level 2 requires statements on the level of financial products. In accordance with the SFDR requirements, all Bouwinvest funds are classified. The Dutch Hotel Fund classifies as article 8 fund under SFDR and promotes ecological and social characteristics.
The product specific statements are included in the Information Memorandum and the annual report of the fund. In addition to these statements, the attached document provides the required information about the Dutch Hotel Fund. Further information on SFDR and all statements can be found on the SFDR page.
