Electra America is stretching beyond the residential sector to team up with AKA to launch an opportunistic hotel investment fund focused on distressed assets in urban gateway markets.

Electra America, a platform specializing in the multifamily and residential sectors, and AKA, a leader in luxury hotel residences, have partnered to form Electra America Hospitality Group (EAHG). The fund is in the process of raising $500 million in capital from investors for the acquisition of independent hotels in major gateway markets.

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