Nordic real estate investor Nrep has acquired Clarion Hotel Stockholm, one of the largest hotels in Sweden's capital city, from Aspelin-Ramm Fastigheter.
The deal, completed through the €3.65 billion value-add fund, Nrep NSF V, gives Nrep access to more than 1,000 hotel rooms in central Stockholm.
The acquisition strengthens Nrep's partnership with the hotel chain Strawberry, the Nordic region's second-largest hotel operator, which has a long-term lease on the entire property.
Clarion Hotel Stockholm boasts 532 rooms spread across 23,700 square metres of lettable area. It offers a range of amenities including bars, restaurants, a spa, a gym, and meeting facilities.
The property is currently certified BREEAM Very Good and has strong potential to achieve the highest rating, BREEAM Excellent, with minimal upgrades.
Located near the Skanstull metro station, the hotel enjoys convenient access to Södermalm, beautiful outdoor spaces, and the vibrant Söderstaden district, which includes popular venues like Avicii Arena and 3Arena that attract more than 3.5 million visitors annually.
Source: propertyeu.info on the 2nd of October, 2024
https://propertyeu.info/Nieuws/Nrep-acquires-major-Stockholm-hotel/4bfb9bc4-ab59-4b0e-983e-5118c26a6d6d