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CapMan acquires nordic hotel portfolio in major deal

Today, 21/02/2025, 15:25

Image: CapMan

Nordic private equity firm CapMan's real estate fund CapMan Hotels II (CMH II) has signed an agreement to acquire Midstar Fastigheter AB, a well-established Nordic hotel property portfolio comprising 28 assets across Sweden, Denmark and Norway.

AI Editor

The acquisition of the 4,709-room portfolio, planned to increase to 4,887 rooms by 2027, significantly expands and diversifies CMH II’s Nordic hotel holdings. It reinforces CapMan’s position as a key player in the Nordic hotel investment market.

The acquired portfolio complements CMH II’s existing assets, adding high-quality properties in major cities like Copenhagen, Stockholm, Gothenburg and Oslo alongside prime regional hotel locations – aligning with CapMan’s focus on premium assets in key markets.

CapMan highlights the transaction’s positive impact and sees significant potential in the platform to deliver strong returns, driven by continued growth in the Nordic hotel market. Sustainability improvements and value-creation initiatives in partnership with hotel operators are also planned.

The €400 million deal supports CapMan’s strategy to grow its €10 billion assets under management target in the ongoing strategic period, exemplifying its ability to scale existing products.

Completion is subject to Swedish competition authority approval.

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