Skt. Petri Copenhagen
Nordic Hotel Consulting advised Starwood Capital Group on the landmark acquisition of the 288-rooms Skt. Petri Hotel in central Copenhagen. This transaction marks Starwood's first hotel property in Denmark.
Quotes from Press Release:
"We are delighted to announce the acquisition of the Skt. Petri, which will be Starwood's first real estate acquisition in Denmark, and look forward to announcing our future plans for the hotel in due course. We are also very excited to explore future acquisitions together with Petter Stordalen given his unique hospitality track record in the Nordics."
Timothy Abram, Vice President at Starwood Capital Group
"This transaction marks the beginning of a relationship between Strawberry and Starwood Capital, the world's leading hotel investor. In a post-corona world, we see numerous possibilities together as the hospitality industry recovers. Maybe it is telling that our first move together will be one of the largest European hotel transactions of 2021."
Petter Stordalen, Owner of Strawberry
Read the press release here
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,100 employees. Since its inception in 1991, Starwood Capital Group has raised nearly $55 billion of equity capital, and currently has in excess of $70 billion of assets under management. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 29 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets.
Photos: Skt Petri, Nordic Choice Hotels