Selling out of Clarion Hotel The Edge

Clarion Hotel The Edge is Tromsø’s largest congress and conference hotel, with 13 floors and 290 rooms. The hotel, which was completed in 2014, has become a landmark in the city and received the Northern City Prize in 2017.

Aspelin Ramm and Pellerin have owned the hotel 50/50 since the start of the project. Now that Aspelin Ramm has chosen to sell its stake, Pellerin will become the 100 percent owner of the property.

“The hotel was fully developed 10 years ago and lies outside our geographical area, so the sale is a natural consequence of the adjustments we are making to our portfolio. The capital we are receiving will contribute to us being able to work even more on what we are best at, namely development. We have a fantastic organization with high competence, who are proud of what we have created – and who will create more,” says Ida Aall Gram, CEO of Aspelin Ramm.

Pellerin Investing More in Tourism

“We have had a great journey together with Aspelin Ramm. They were the decisive partner who contributed to us jointly realizing the hotel project. It is the belief in a continued positive development in tourism in Tromsø that is the important driver behind the acquisition. We have become fond of the hotel, and we will invest more in tourism going forward. Last year, the Skaret hotel opened in the Pellerin quarter on Storgata, and another hotel is being planned at the Pellerin quays in the inner harbor,” says Roar Dons, owner and chairman of Pellerin.

“We thank you for a good collaboration and wish Pellerin all the best with both The Edge and further development of Tromsø,” says CEO Ida Aall Gram of Aspelin Ramm.

Newsec has been the broker in the transaction and the law firm Thommessen has been the legal advisor.

The translation was written by an AI system, though the original text was authored by a human.