Alta is negotiating the purchase of a prime hilltop development with views of the Galle Fort Unesco heritage site (pictured). Photo: Shutterstock
Alta is negotiating the purchase of a prime hilltop development with views of the Galle Fort Unesco heritage site (pictured). Photo: Shutterstock

Private fund Alta Capital readies war chest to pounce on coronavirus-battered hotels, spa resorts in Asia-Pacific

  • Alta Hospitality Fund Asia is seeking to raise US$50 million from global investors, promising to deliver a return of between 15 and 25 per cent over six years
  • Distress in the market is just starting to show, says the fund’s boss, as the accommodative stance of banks begins to waver

Topic |   Coronavirus pandemic
Alta is negotiating the purchase of a prime hilltop development with views of the Galle Fort Unesco heritage site (pictured). Photo: Shutterstock
Alta is negotiating the purchase of a prime hilltop development with views of the Galle Fort Unesco heritage site (pictured). Photo: Shutterstock
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