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Northview Hotel Group wraps up 3rd lodging fund

Northview Hotel Group closed its third investment fund but did not reveal the amount raised.

The company, which focuses on value-add opportunities in the hotel and resort real estate sectors, said all existing backers of its two predecessor funds reinvested in NV Acquisitions III, with most increasing their commitments.

Northview said it will use the latest fund to buy underperforming hotels and resorts in the U.S. and select foreign markets through direct investments and co-investments with private equity partners.