Jochen Schaefer-Suren
Jochen Schaefer-Suren
CEO Hotels and Leisure Division
Principal Real Estate Europe
Bio

Jochen joined Principal Real Estate Europe ( formerly Internos Global Investors) in 2011 to create and lead our Hotel & Leisure Division (“HLD”) which has grown to a team of 7 hotel real estate experts responsible for hotel transactions, financings, asset management and portfolio management. As of 30th September 2019 the HLD manages two dedicated hotel real estate funds with hotel properties worth ca. US$ 600 million and with over US$ 400 million of new capital to invest in hotel real estate according to different investment strategies, coming to a total of over US$ 1 billion of capital invested or available for hotel real estate.

 

Prior to 2011 Jochen held a similar position at Invesco Real Estate where he created and led the hotel real estate fund management team and was also a member of Invesco Real Estate’s Global Executive Committee and Investment Committee. While at Invesco he designed, raised capital for and managed Invesco’s first hotel real estate fund for institutional investors including Generali and Allianz. Accordingly he was responsible for the acquisition, financing and asset management of this hotel fund with a diversified pan European hotel portfolio worth US$ 900 million. From 2006 to 2010 this fund realised excellent results achieving target dividends every year and stable NAV. While at Invesco, Jochen also managed separate sales, financing or investment management mandates including one of €300 million for Generali dedicated to hotel real estate investments.

 

Previously, from 1995 – 2000, Jochen was at Lazard in charge of M&A in hotels and leisure, where he was involved in transactions totalling over £1 billion including 8 hotels of Trusthouse Forte’s Exclusive Hotel collection (such as George V Paris, Hyde Park London and Plaza Athenee hotels in Paris and New York), 61 Holiday Inn hotels in the US and Taj hotels in the USA. At Lazard he also acted as strategic advisor to the Tata group (owner of Taj Hotels) on their hotel expansion in India. In addition, he acted as a strategic advisor to the board of Club Med World on their expansion in urban resorts as well as being a member of the strategy committee of Fonciere des Regions ( today known as Covivio), a French REIT focused on hotel and leisure real estate.

 

From 1987-1995 Jochen held several senior positions with hotel groups such as: Head of Global Hotel Development for Forte Hotels where he was responsible for the acquisition of Meridien Hotels for £200 million; Vice President Development, Hilton Hotels, responsible for the Americas and Western Europe; and Vice President and Assistant Vice President Development of Meridien Hotels in New York and Paris.

 

Jochen holds a Masters in Hotel Business Administration from Cornell University, New York and read Law at the University of Heidelberg, Germany.

Speaking at International Hospitality Investment Forum

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