Private fund Alta Capital readies war chest to pounce on coronavirus-battered hotels, spa resorts in Asia-Pacific

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Distress in the hotel and wellness property segments is likely to be more pronounced next year as the coronavirus pandemic continues to devastate the travel and tourism industry, according to the founder of a newly-launched private equity fund.With a likely 20 to 30 per cent discount in prices of hotels and resorts that have seen their cash flow restricted by border closures aimed at stemming the spread of the deadly disease, Hong Kong-based Alta Capital Real Estate hopes to scoop up five…

A Global Asset Management Seoul Korea Magazine

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