The Wellcome Trust has acquired a 50% shareholding in Raag Hotels alongside the remaining shareholders, a company associated with the Jivraj Family and a company owned by Naguib Kheraj. The shareholders have committed additional equity to fund the future roll out of more Tune Hotels in London, taking the portfolio from the current 616 rooms to a target of 1500 rooms. A price has not been disclosed, but it is thought ot reflect a net initial yield of 6.5% on the operating assets.