Tui to ramp up hotel portfolio expansion after acquiring Zanzibar resort

Launched last year in partnership with Luxembourg-based asset manager Hansainvest, the fund is designed to help Tui buy and operate properties not yet part of the group.

After a successful phase of capital raising, the fund was recently used to purchase a new five-star resort in Zanzibar, the Emerald Zanzibar Resort & Spa, for an undisclosed sum. The resort – which opened in December –will be operated by Tui’s in-house hotel division starting early next year, with Tui taking over any existing bookings for the resort.

“The fund is equipped with initial funds and is operational,” said Tui board member Peter Krueger on Tuesday (8 August). “Now we are moving into the investment phase, as the fund has the means to purchase further hotels.”