DATE
Mar 2015
Client
Sveafastigheter, Event Holding, Midstar AB
Deliverables

Investment Advisory

Norse Hospitality Divestment


Nordic Hotel Consulting advised Sveafastigheter and its joint venture partners Event Hotel Group and Midstar AB on the successful transfer of the entire Norse Hospitality op-co platform. The portfolio consisted of 13 Ibis Styles and Mercure hotels across Sweden. As part of the transaction, NHC advised the client on new long-term lease agreements with Ligula Hospitality for the aforementioned properties. The hotels are today flagged under the Good Morning Hotels brand.

 

Quotes from Press Release

”Sveafastigheter har nyligen avslutat en renoveringsprocess av merparten av hotell och hotellrum i enlighet med vår affärsplan för portföljen. Tanken har varit att uppgradera hotellstandarden och därefter separera hotellverksamheten från fastigheterna för att skapa en renodlad fastighetsportfölj med en långsiktig operatör som hyresgäst. Vi är mycket nöjda med att överlåta verksamheten till en välrenommerad aktör som Ligula.”

Erik Widmark, Partner at Sveafastigheter

About Sveafastigheter

Sveafastigheter is a leading Nordic property fund manager. The company was founded in 2003 and currently manages assets in Sweden, Finland, Denmark and Estonia. Since March 2017, Sveafastigheter is incorporated in Brunswick Real Estate, a market leading adviser, lender and investor in the Nordics. Brunswick Real Estate manages assets worth €2.3 billion.

 

Photos: Booking.com, Novum Hotels, The Best Hotels, DFT Travel