Investment start date
Targeting 19.0% p.a.
The Harvest Pub Fund 2 by Harvest Hotels offered an attractive investment opportunity for clients. Harvest Hotels specialises in regional pubs and has a proven track record in adding value to acquired pubs through capital and operational improvements.
The Fund forecasts 9% annual cash distributions paid quarterly and a forecast IRR net of management fees of 19%. Management Fees are 1% of gross pub portfolio value, 12% of the Group’s Pub EBITDA, and an acquisition fee of 1% of pub purchase value. Performance fees also apply of 20% of the outperformance of IRR exceeding 10% after fees. Gearing is capped at 50%.