We invest alongside our institutional equity partners in programmatic investment platforms where Step is engaged to manage the underlying assets.

Investment Partnerships

Step structures its investment and management activities through partnerships with institutional investors.

Each partnership takes the form of a dedicated, programmatic investment platform built around a focused business strategy.

In 2021, Step established the Alchemy Step Hotel Group (“ASHG”) together with London-based Alchemy Partners LLP (“Alchemy”).

ASHG is currently deploying €250 million of equity capital into special opportunities in hotel assets in Germany and surrounding countries with a focus on second-tier cities.

Alchemy Step Hotel Group (ASHG)

ASHG is acquiring single hotel assets of greater than 90 keys and hotel portfolios in the 2-to-4-star category across Europe, with a focus on secondary urban markets, primarily in Germany and surrounding countries. ASHG focuses on assets that typically require significant re-positioning, refurbishment and operational turnarounds.

Alchemy Special Opportunities LLP

Alchemy Partners is a London-based private equity and special situations firm established in 1997 that has invested over GBP 4 billion in more than 200 transactions.
Alchemy currently advises funds with asset under management of more than GBP 1.6 billion.
www.alchemypartners.co.uk