The 25hours hotel Paper Island in Copenhagen has been completed and transferred to Union Investment’s holdings.
The investment and asset manager entered the Scandinavian hotel market by acquiring the planned hotel in 2022. The property is held by institutional open-ended real estate fund UniInstitutional European Real Estate.
The 25hours hotel officially opened on 27 July this year. It is let to KNSA Hospitality Kopenhagen ApS for 25 years and will be operated under the 25hours lifestyle brand.
The 25hours Hotels are part of Ennismore, a hospitality company rooted in culture and creative networks. Ennismore is a joint venture with Accor that was formed in 2021. The 25hours hotel has 128 rooms and includes an Asian restaurant, a café and a Sky Bar on the top floor. There are also three event spaces.
Source: Press Release sent 29 July 2024