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