Investment firm purchases 25hours’ second Copenhagen hotel development

by | 16 Sep 2022 | Hotel Projects, Projects

German-headquartered Union Investment has acquired 25hours’ second Copenhagen hotel, which is currently in development.

The forthcoming 25hours Hotel Copenhagen Paper Island is part of the Paper Island flagship project, a man made island in the Danish capital’s port area.

Long lease

The acquisition will be added to the holdings of institutional open-ended real estate fund UniInstitutional European Real Estate. The vendor is the development consortium Christiansholms Ø P/S, a joint venture between Danica Pension and Danish project developers Nordkranen and Union Kul.

The Ennismore brand’s upcoming property will have 128 rooms and includes a restaurant, a café and a bar on the top floor. Three function rooms have capacity for 120 people. It is already leased to KNSA Germany for 25 years and will be managed by Ennismore under the 25hours lifestyle brand upon completion in March 2024.

Danish architect Cobe is designing the building, with compatriot company Stylt Trampoli tasked with the interiors.

Scandinavian debut

The deal marks Union Investment’s first of its type in Scandinavia .Head of investment management hospitality, Andreas Löcher, said: “Copenhagen is one of Europe’s top hotel markets with high barriers to entry. We are therefore delighted to be able to enter the Scandinavian hotel market with the acquisition of this flagship project.

“It will appeal to business travellers and tourists alike thanks to its outstanding location in a newly developed district in Copenhagen city centre, within walking distance of many visitor attractions. Paper Island will provide a high-quality user experience and is expected to attract up to 1.9 million visitors a year in the future.”

Unconventional designs

Mads Nørby Hansen from Nordkranen on behalf of CØ P/S, commented: “The international hotel concept 25hours is known for their unconventional designs and urban atmospheres.

“Each hotel is based on site-specific history and place characteristics, which harmonise with the curatorial profile of Paper Island. An island with an industrial past and a new vision for the future: An urban oasis where we, together with 25hours and other passionate entrepreneurs, will frame the city’s new quarter and destinations.”

Union Investment was advised on legal aspects of the deal by Kromann Reumert and CØ P/S as seller was advised by Bruun & Hjejle and Catella Corporate Finance.

Related Articles

Hilton enters Tunisia with Skanes beach resort

Hilton enters Tunisia with Skanes beach resort

This hotel marking Hilton’s debut in Tunisia combines world-class dining and wellness with panoramic Mediterranean views and close proximity to historic cultural landmarks. Cultural inspiration The brand-new Hilton Skanes Monastir Beach Resort is now welcoming guests...

Fasano debuts group’s tenth hotel with opening in São Paulo

Fasano debuts group’s tenth hotel with opening in São Paulo

This May-opened hotel pays homage to the city’s original Fasano hotel, Fasano São Paulo Jardins, which opened 20 years ago. Signature Fasano design The May opening of Fasano São Paulo Itaim follows the recent openings of Fasano Fifth Avenue in New York City and Fasano...

DoubleTree by Hilton to debut in Berlin next month

DoubleTree by Hilton to debut in Berlin next month

This DoubleTree by Hilton in Berlin is the result of a franchise agreement with asset manager Blackstone and Event Hotels. The property benefits from a multi-million euro remodelling. Brand entry to Berlin The 420-key DoubleTree by Hilton Berlin Ku’damm is opening...

Elkonin Tel Aviv opens as a part of MGallery Hotel Collection

Elkonin Tel Aviv opens as a part of MGallery Hotel Collection

The 44-key boutique hotel is home to Israel’s first Clarins spa, as well as the fine-dining restaurant, L’Époque by Jöel Robuchon. Reviving a historic site Elkonin Tel Aviv has now opened as a part of the MGallery Hotel Collection. This hotel takes over the site that...

Omni unveils $520m PGA Frisco resort

Omni unveils $520m PGA Frisco resort

This major destination from Omni Hotels & Resorts caters for guests of all ages in a space spanning an impressive 660 acres. A new golfing destination The highly anticipated Omni PGA Frisco Resort is now welcoming guests to experience its wealth of facilities,...

Omni debuts third Arizona hotel in Downtown Tempe

Omni debuts third Arizona hotel in Downtown Tempe

This Omni hotel is the result of a $125m investment and part of a public-private partnership with Arizona State University (ASU) and the City of Tempe. A community hub Omni Tempe Hotel at ASU is now open at the intersection of University Drive and Mill Avenue in...