March 7, 2018 / 10:13 AM / 7 months ago

BRIEF-Thomas Cook Group Launches £150 Mln Hotel Fund

March 7 (Reuters) - Thomas Cook Group Plc:

* ‍THOMAS COOK LAUNCHES £150 MILLION HOTEL FUND WITH FIRST CONFIRMED PROJECT​

* ‍THOMAS COOK HOTEL INVESTMENTS WILL CONSIST OF FIVE SEED HOTEL ASSETS WORTH AROUND £150 MILLION​

* THOMAS COOK - ‍LAUNCH OF HOTEL FUND - THOMAS COOK HOTEL INVESTMENTS - A JOINT VENTURE WITH SWISS-BASED HOTEL PROPERTY DEVELOPMENT COMPANY, LMEY INVESTMENTS​

* ‍JOINT VENTURE WILL BE 50/50 OWNED BY THOMAS COOK AND LMEY​

* ‍THOMAS COOK HOTEL INVESTMENTS WILL FOCUS ON ACQUIRING HOTEL PROPERTIES ACROSS THOMAS COOK'S KEY DESTINATION MARKETS​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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