Redevco and Swiss Finance & Property Group completed the acquisition of a majority stake in Next Gen Stays.

Redevco and Swiss Finance & Property Group completed the acquisition of a majority stake in Next Gen Stays, a hotel chain. Financial terms were not disclosed. “Our value-add Next Gen Stays strategy is an excellent example of Redevco’s focus on repurposing assets to create vibrant places in urban locations. By acquiring and redeveloping strategically located and under-exploited real estate with localcharacter, we create an attractive investment product and make cities more sustainable," Hannah Evans, Redevco Investment Director.