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Viceroy: A New Investment Strategy
Viceroy is high gates first acquisition of a full consumer brand, whereas previously your portfolio mainly consisted of single hotels which you acquired. So has your investment strategy shifted towards buying bigger portfolios? I think you touched a little bit on this already talking about kind of complex portfolios. We want it to be complementary to our core business and we are agnostic at what stage we invest in as long as it creates a lot of value for our core business.