Feb 2019
ICON Real Estate Funds Ltd

Feasibility Study

Operator Search

Contract Negotiations

Ruby Helsinki

NHC advised ICON Real Estate with an initial feasibility study, operator search and contract negotiations for the 142-room Ruby hotel.

The Helsinki hotel will be the first Nordic destination of the Ruby Group. The hotel will be located in a 19th-century building in the historical Kruununhaka district. The hotel will offer a 24-hour bar and breakfast area, a courtyard pavilion and outside terrace. Additionally, it will be the first Ruby hotel to include a sauna in the hotel facilities.

The Ruby Helsinki development is a part of a half-city-block-sized (10,000 m²) real estate project which plans to revitalise the neighbourhood, with a further 50-60 luxury apartments ranging from studios to 4-bedroom apartments also under construction next door.

The hotel is scheduled to open in 2021.


Read more here: Press release