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ELECTRA AMERICA HOSPITALITY FUND RAISES OVER $500 MILLION FROM INVESTORS

Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has closed the Electra America Hospitality Fund I (EAHG I). The fund, launched in February 2021, exceeded its target of raising $500 million from investors.

EAHG Fund I is focused on the opportunistic acquisition of independent hotels in major gateway markets with strong growth potential, according to the company. Commitments to the fund came from both domestic and foreign institutional and high-net-worth investors.

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