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Varro Launches Online Hotel Investment Fund

Thursday, May 21, 2015 5:01:00 AM PDT | VentureDeal
   Dallas, Texas  --  Varro Hospitality has announced the launch of a new fund on its RealShares online investment platform for individual investors.

Called the Urbana Varro Opportunity Fund II, the fund provides individual accredited investors with the ability to gain a stake in a diversified portfolio of hotel properties.

The overall capital goal of the fund is $10 million, of which $7.4 million has already been reached.

The firm says the fund has already acquired properties, such as the 311 room Sheraton Arlington Hotel.

A total of 3 to 4 properties are expected to be brought under ownership, to be managed by an affiliated entity.

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