News | Nordic Property News

ARTICLES TAGGED WITH "Petter Stordalen"

Strawberry wins contract to open largest airport hotel in the Nordics

Sweden — With its 656 hotel rooms, congress hall, restaurants and bars, Strawberry's new hotel at Arlanda will be Stockholm's largest hotel and the Nordic region's largest airport hotel. The property owner is Swedavia Real Estate. The hotel will open in the first quarter of 2029.

Premia Properties in major hotel deal with Stordalen company

Nordic — Premia Properties buys two hotels in Greece from the Stordalen-controlled company Nordic Leisure Travel Group in a deal worth 112.5 million euros, approximately 1.3 billion SEK.

Strawberry Arena sees the light of day

Sweden — Today, July 12, the naming rights agreement between Strawberry and Stockholm Live regarding the national arena in Solna enters into force and the arena changes its name to Strawberry Arena. Fabege is a co-owner of the arena and Petter Stordalens hotel chain Strawberry is the company that bought the naming rights to the arena.

Dahlbo: "Time to prove ourselves after such a disappointing first half of the year"

Sweden — Fabege continues to report negative net rental in Q2 as well, and in total during the first half of the year the key figure lands at SEK -74 million, far short of the company's annual target of SEK 80 million. Fabege's CEO now believes that it will be difficult to reach that goal, and despite frustration over protracted discussions in the market, he is confident that the net rental will sort itself out during the second half of the year. Here he also comments on the negative impact on Arenabolaget and what effect the upcoming name change and Petter Stordalen may have its future.

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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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.