Thomas Cook’s Mediterranean hotel investment fund has been wholly acquired by Swiss property partner LMEY Investments.
LMEY confirmed on Tuesday (4 August) it had taken a 50% stake in hotel investment firm Westfort Capital Limited from Cook.
The deal will result in LMEY securing full ownership of the platform nearly a year after Cook was liquidated.
Westfort was set up in May 2018 to turnaround hotels across the Med, and seek out growth opportunities.
Its seed portfolio has grown from four to eight sites, with a ninth further property slated for 2021.
Operators include OKU Hotels, a new five-star brand with sites in Ibiza and Kos.