A hotel real estate fund is an investment fund that invests specifically in hotel properties. These funds pool capital from investors to acquire, develop or operate hotels. They offer investors the opportunity to participate in the growth of the hotel market without having to own or manage properties themselves. There are different types of hotel real estate funds: Open-ended funds (investors can buy or sell shares at any time), closed-ended funds (capital is invested for a fixed period) and REITs (Real Estate Investment Trusts) (listed funds that offer regular distributions). The success of a hotel real estate fund depends on factors such as location, market trends, interest rate developments and the operational management of the hotels.