CapMan and AP Pension acquire Copenhagen's Hotel Scandic Webers from Jeudan
CapMan Real Estate, through its CapMan Nordic Real Estate IV fund, and Danish pension insurer AP Pension have bought the Hotel Scandic Webers in Copenhagen, according to Hotel News Resource. The two partners hold equal stakes in a 50/50 joint venture. The hotel, a 152-room four-star property next to the city's central station, was owned by property company Jeudan. The joint venture plans an extensive refurbishment. The price has not been disclosed.
- Asset
- Hotel Scandic Webers
- Location
- Copenhague, Dinamarca
- Buyer
- CapMan Real Estate (fondo CapMan Nordic Real Estate IV) y AP Pension (JV 50/50)
- Seller
- Jeudan
- Operator
- Iconic Hotels & Resorts
- Rooms
- 152
Why it matters (OKADEE analysis)
The deal adds to other cases of a real estate fund manager and pension money investing together in urban hotels with refurbishment plans. It gives the Nordic market a reference point for well-connected assets with repositioning potential.
Source: Hotel News Resource (HVS)