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Article: Abacus checks in hotel fund.
- Article from:
- Australasian Business Intelligence
- Article date:
- March 5, 2007
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Copyright informationCOPYRIGHT 2007 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Darin Tyson-Chan
Mar 05, 2007 (Money Management - ABIX via COMTEX) -- A new retail fund has been released by Abacus Property Group in Australia. The Abacus Hospitality Fund specialises in Australasian resorts and hotels. It has a target pre-tax return of 10 per cent per year and an initial portfolio of three hotels worth $A134 million. Dr Frank Wolf, the MD of Abacus, intends for the fund to generate reliable income by accumulating hotels and introducing new ...
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