CBRE has acted as buy-side advisor to CapMan Real Estate in the acquisition of the Midstar Hotels Portfolio - comprising 28 hotels and 4,709 rooms across Sweden, Denmark and Norway.
The transaction marks the largest hotel real estate transaction in the Nordics on record.
CapMan Real Estate acquires the portfolio through its Nordic hotel fund, CapMan Hotels II.
"We extend our heartfelt congratulations to CapMan on their landmark acquisition and commend Midstar and their advisors for a smooth process. We are grateful for the opportunity to assist CapMan in executing their hotel strategy, and we look forward to witnessing the positive impact of this transaction on the industry," says Erik Myklebust, Head of Hotels, Nordics.
CBRE’s dedicated team of Nordic hotel experts advised CapMan, led by Robin Stenlund (SE) and Marcus Carlsson (SE) and supported by Bjørn Anker Gullaksen (SE), Petter Rødseth (NO), and Erik Myklebust (Nordics).
Contact:
Erik Lee Myklebust
Head of Hotels, Nordics
erik.myklebust@cbre.com
Robin Stenlund
Director, Capital Markets, Hotels
CBRE Sweden
robin.stenlund@cbre.com
Marcus Carlsson
Senior Director, Capital Markets, Hotels
CBRE Sweden
marcus.carlsson@cbre.com
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
