The Index Linked Income Fund (ILIF) has completed a £40m deal to acquire the ground rent on the De Vere Beaumont Hotel in Old Windsor from funds managed by Starwood Capital Group.

The fund’s manager Alpha Real Capital said that ILIF now has £400m of hotel ground rent assets under management and has funded over £1bn worth of hotels with ground rents to date.

Hugo James, partner and head of long income at Alpha Real Capital said, “The quality of the property and position close to London provides confidence this asset will maintain its position as one of the leading conference hotels in the UK with significant scope for further growth in trading.”

He added, “The fund has a strong pipeline of new transactions in due diligence partnering with both buyers of assets in competitive processes and refinancing of existing facilities.”

Phillip Rose, CEO of Alpha Real Capital, said, “Alpha works very closely with real estate owners nd operators to deliver flexible long term capital solutions.”

“Alpha’s reliability and responsiveness to the needs of both owners and operators is reflected in the £1.5bn of commercial ground rent investments we have made over the last few years,” he added.

Source: IPE

Fulya Altunyay/[email protected]