The investment will support Odyssey’s rapid expansion plan and accelerate their growth across Europe.
The Odyssey Hotel Group has been acquired by the newest fund established by ActivumSG Capital Management, which focuses on turnaround in real estate. The fund hopes that Odyssey will benefit from the recovery that ActivumSG anticipates for selected markets in Europe, as the Covid-19 pandemic begins to recede.
Saul Goldstein, CEO and Founder of ActivumSG, said: “We’re looking to accelerate the company’s growth through acquisitions and more hotel openings when others will still be picking up the pieces. We see the steady recovery of leisure and business travel in Europe’s most resilient hotel markets as a major opportunity for our latest fund.”
Odyssey has a strong focus on opening and operating hotels in towns and cities across continental Europe. Currently, the brand operates 12 hotels in Germany, the Netherlands and Find mostly under franchise agreements with Marriott Group and IHG. Odyssey has plans to open an additional 20 hotels before the end of 2024.
The purchase details have not been disclosed.