Strawberry and Slättö launches new hotel chain

Nordic — A brand new hotel chain with Nordic ambitions is the result when Petter Stordalen's Strawberry and property investor Slättö present a new collaboration with a focus on strategic locations, quality and high sustainability. Within ten years, the chain will consist of at least 20 hotels.

Pandox signs lease agreement for hotel property in central Copenhagen

Denmark Denmark — During the ongoing renovation and repositioning of Hotel Mayfair in central Copenhagen, Pandox has signed a lease agreement with the operator Strawberry and the Hobo brand. Pandox continues to run the day-to-day hotel operations until the renovation project has been completed and the new lease comes into force, which is expected to take place in the second half of 2024. The new lease is revenue-based with an indexed, guaranteed minimum level, and long term.

Petter Stordalen's Strawberry Forever Divests Hotel to Starwood

Denmark Denmark — The Norwegian-owned real estate company Strawberry Forever has sold Comfort Hotel Vesterbro in Copenhagen to Barry Sternlicht's Starwood Capital Group.

Aurora Makes New Major Shopping Center Purchase

Norway Norway — The newly established shopping centre company Aurora Eiendom AS acquires Farmandstredet in Tønsberg for NOK 1.8 billion from Steen & Strøm AS. Aurora Eiendom already has five shopping centres worth a total of NOK 4.8 billion in its portfolio.

Aurora Eiendom Invests NOK 4.8 Billion in New Shopping Centre Company

Norway Norway — Investors Petter A. Stordalen, Lars Løseth, Johan Johannson, Marius Varner and Christian Ringnes invest close to NOK 1 billion in Aurora Eiendom AS, a new shopping centre company. In total, shares valued at NOK 1.377 billion has been subscribed for in the company in a directed issue towards 11 investors.

After the Major First Investment – Here Are the Plans for Aurora

Norway Norway — Petter Stordalen is entering the Norwegian shopping center market with a group of renowed investors. After the initial investment of NOK 4.8 billion, Mads Breder Koch, CFO of Stordalen's Strawberry Properties, tells Nordic Property News about the ambitions for the company and why they want to list on the stock exchange.

Starwood Acquires Landmark Hotel in Copenhagen from Petter Stordalen

Denmark Denmark — Starwood Capital Group announced today that a controlled affiliate has contracted to acquire the Skt. Petri hotel in Copenhagen from Strawberry Forever for an undisclosed sum.

The New CEO on When the Hotel Market Will Bounce Back

Nordic — Strawberry brings together all real estate activities under one management. Daniel Stenbäck will be CEO of Strawberry Forever and Strawberry Brothers, as well as Chairman of the Board of Strawberry Properties. Daniel Stenbäck explains why Petter Stordalen is making these changes and future investment targets.

Daniel Stenbäck to Manage All of Strawberry's Property Business

Nordic — Strawberry group, created by Petter Stordalen, restructures to coordinate the management of hotel properties.

Why NREP Closed the SEK 1,5 Billion Hotel Deal with Stordalen

Sweden Sweden — Petter Stordalens real estate company Strawberry Forever has sold the property that houses Clarion Hotel Amaranten in Stockholm for SEK 1,5 billion to the Nordic real estate investor NREP. Marianne Hoffman, Investment Director at NREP, tells Nordic Property News all about the major deal and why it's so unusual.

Petter Stordalen Acquires Vinggruppen

Nordic — Petter Stordalen, owner of Nordic Choice Hotels, acquires Vinggruppen. His company Strawberry makes the acquisition together with Altor and TDR Capital.

Nordic Choice's Acquisition of Kämp Collection Hotels Finalized

Finland Finland — The competition authority has approved Nordic Choice Hotels acquisition of Kämp Collection Hotels. The acquisition of Kämp Collection Hotels, which was previously owned by CapMan Buyout funds and other owners, was finalized on October 9th. The new owner aims at significantly increasing the hotel supply in Helsinki.

Nordic Choice to Operate Finland's Largest Hotel Project

Finland Finland — In 2023, 711 new hotel rooms will be opened at Helsinki Airport. Yesterday, the developer LAK Real Estate presented Nordic Choice Hotels as the hotel operator for the two hotels.

Stordalen's Recent Hotel Projects in the Nordic Region

Nordic — Nordic Property News presents Petter Stordalen's hotel deals in the Nordic region in recent years.

"We Are a Nordic Company – We Have to Be Everywhere"

Nordic — The hotel entrepreneur Petter Stordalen tells Nordic Property News about the plans in Finland after the major purchase, why Sweden is Nordic Choice's main market and the new hotel project in central Gothenburg.

”He Has a True Passion for the Business”

Finland Finland — Capman Buyout's Investment Director Tomi Alén on the latest hotel divestment to Nordic Choice, the large interest for the assets and how it is to negotiate with the profile Petter Stordalen.

Petter Stordalen Purchases Hotel Group from Capman

Finland Finland — Nordic Choice Hospitality Group has acquired Kämp Collection Hotels, the leading luxury and lifestyle hotel group in Finland, from Capman Buyout funds and other owners.

This Year's Largest Hotel Ventures in Oslo

Norway Norway — Nordic Property News presents the most extensive hotel projects that will be completed this year in the Nordic capitals. Today: Oslo.

Balder in New Hotel Investment

Sweden Sweden — Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.    

Fabege and Stordalen in New Major Project

Sweden Sweden — Arenastaden is continuing to expand, and demand for hotel rooms now significantly outstrips supply, largely due to growth in Solna’s tourist and hospitality industry quadrupling since the opening of Friends Arena and Mall of Scandinavia. Fabege and Nordic Choice Hotels are now together investing in another hotel in Arenastaden to offer visitors to the district additional accommodation alternatives.

Balder Makes New Big Hotel Splash

Sweden Sweden — Swedish giant Balder makes new big hotel investment. The company's CEO Erik Selin tells Nordic Property News on the importance of the hotel portfolio, entering a new market region and the collaboration with Norwegian hotel mogul Petter Stordalen.

Largest Danish Transactions in 2017

Denmark Denmark — 2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries – today the turn has come to Denmark.

Petter Stordalen to Open New Hotel in Stockholm

Sweden Sweden — Atrium Ljungberg has concluded an agreement with Petter Stordalen's Nordic Choice Hotels for opening a Clarion Collection Hotel in Sickla, Nacka. The hotel will open in the spring of 2020 in the building where Kåbergs started manufacturing wallpaper more than one hundred years ago.

Stordalen Sells to Midstar

Nordic — Petter Stordalen’s company Strawberry Properties sells five hotel properties to Swedish Midstar. Nordic Choice will continue to be the operator.

Midstar Buys Hotel from Petter Stordalen

Norway Norway — Midstar has acquired Quality Hotel Entry in Kolbotn from Petter Stordalen's Strawberry Properties.