Schroders acquires pan-European hotels investment and management business

Schroders had announced that it has reached an agreement to acquire Algonquin, a specialist pan-European hotels investment and management business with assets under management (AUM) of €1.8 billion. This includes Schroders acquiring various co-investments alongside Algonquin’s existing clients. The acquisition of Algonquin accelerates the growth of Schroders’ Real Estate business…