DB Real Estate

Strategy

Vacation & Leisure

Branded hospitality and short-let portfolios that travel well.

Beachfront villas, boutique resort acquisitions, and branded residences in high-demand leisure destinations. We partner with operators who know seasonality inside-out and price for it.

What we do inside this strategy

  • Coastal and alpine short-let portfolios
  • Boutique resort repositioning
  • Branded residences with operator partners
  • Revenue-share and management agreements

What returns to expect

Vacation and leisure assets generate seasonal cash flow and currency-hedged capital appreciation. We underwrite to 12–18% unlevered IRR with operator alignment at the top of the waterfall.

Representative deals

Vacation & Leisure transactions

A sample of deals executed within this strategy.

Dolomites chalet against dramatic mountain peaks
Pipeline

Vacation & Leisure

Dolomites Chalet Collection

Cortina d'Ampezzo, Italy

Consolidation of five privately-held chalets into a single branded collection ahead of the 2026 Winter Olympics catalyst.

Chalets
5
Bedrooms
34
Target IRR
20%
Luxury beachfront villa with infinity pool at sunset
Live

Vacation & Leisure

Beachfront Villas

Paphos, Cyprus

Eight villa portfolio on Cyprus's western coast operated under a single hospitality brand with centralised booking and concierge.

Villas
8
Avg. nightly
€780
Gross yield
9.4%
Alpine chalet with snow-covered peaks in the background
Live

Vacation & Leisure

Swiss Alps Residences

Verbier, Switzerland

Twelve-unit branded chalet development with a hotel operator partner, revenue-share on nightly rates, and year-round programming.

Units
12
Avg. ADR
€1,850
Occupancy
72%
Boutique resort pool deck overlooking the Atlantic coast
Closed

Vacation & Leisure

Algarve Boutique Resort

Lagos, Portugal

Acquisition and repositioning of a 48-key boutique resort, lifting RevPAR by 63% over 26 months and exited to a strategic operator.

Keys
48
RevPAR uplift
+63%
Realised IRR
22.1%
Mediterranean beach at sunset
Pipeline

Vacation & Leisure

Crete Plaza

Crete, Greece

Ground-up development of a 120-key lifestyle hotel in Crete with a wellness-focused operator.

Keys
120
ADR
€1,167
Occupancy
89%
Boutique hotel entrance
Closed

Vacation & Leisure

Nice Riverside

Nice, France

Acquisition and repositioning of a 140-key boutique resort in Nice, upgrading F&B and raising RevPAR.

Keys
140
ADR
€1,678
Occupancy
63%

Let's talk

A quiet conversation about where capital can work harder.

Tell us a little about yourself and what you are exploring. We reply within one business day. No boilerplate, no pressure.

Office
Griva Digeni 3, Patsalos House, 5th floor, office 501
6030 Larnaca, Cyprus

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