Elanor Investors Group has raised $75 million and is combining its two hotel funds to create a single entity worth just under $350 million that it aims to grow to $500 million and potentially list.
Managing director Glenn Willis said the longer-term opportunity fills an investment gap on the Australian Stock Exchange, which at present does not have any pure-play accommodation stocks.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
