CapMan acquires Nordic hotel portfolio

CapMan Hotels II (“CMH II”) has signed an agreement to acquire Midstar Fastigheter AB, a well-established Nordic hotel real estate portfolio.

The transaction, which is the biggest hotel deal ever in the Nordics, significantly expands and diversifies CMH II’s Nordic hotel portfolio, strengthening its position as a key player in the Nordic hotel investment market.

Midstar Fastigheter AB is a pan-Nordic property company focused exclusively on hotel real estate investments, with assets located in Sweden, Denmark, and Norway.

The portfolio comprises 28 hotel properties, offering a total of 4,709 rooms, with plans to increase the capacity to 4,887 rooms by 2027 through targeted value-enhancing initiatives. The hotels complement CMH II’s current portfolio very well with properties in major metropolitan areas such as Copenhagen, Stockholm, Gothenburg, and Oslo in addition to regional hotels in prime locations, aligning with CapMan’s focus on high-quality assets in key markets. The assets will be managed by CapMan Real Estate.

The transaction is subject to customary regulatory approval from the Swedish Competition Authority.

Mannheimer Swartling has acted as legal counsel for CMH II in the transaction.