Hero and Catalyst form £500m hotel jv

India’s Hero Enterprise has formed a £500m joint venture with Catalyst Capital to invest in hotels in UK and Ireland. The vehicle Hero Catalyst Hospitality Ventures will acquire and develop hotels, serviced apartments and hospitality-led projects. It will also look to invest alongside landowners, owners and developers. Hero Catalyst Hospitality Ventures is developing more than 1,000 hotel rooms and serviced apartments in Manchester and Edinburgh. Rob Skelston, head of development for Hero Catalyst Hospitality Ventures, said: “We believe this is an opportune time to expand our hotel development programme, leveraging the experience and expertise at Catalyst Capital combined with the