Investment firm purchases 25hours’ second Copenhagen hotel development

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
Indian hotel chain adds southern pair to pipeline
One is a brownfield resort located in Uthandi, Chennai, and the other is a 100+-room conversion hotel in Hosur, an hour's drive from Bangalore. Swift openings The two strategically located hotels are scheduled to open in a few months. Both signings are intended to add...
Over 300 luxury keys earmarked for Bahrain
The groundbreaking of the Bahrain Marina development in the country’s capital, Manama, represents a milestone in an initiative to strengthen the Middle Eastern nation’s real estate sector. Deluxe development Spearheaded by Bahrain Marina Development Company, the...
Onyx gets second Laos site back on track
Originally announced in 2018, Amari Vientiane was put on hold during the pandemic period, but is now moving forward, with opening scheduled for Q3 2024. Developer swap The newbuild project has switched developers, having begun with Asia Investment, Development &...
Project of the Week: Mayaliah Tulum Hotel & Residences – MGallery
Mayaliah Tulum Hotel & Residences - MGallery will house 45 bespoke hotel guest rooms and 95 branded private residences among tropical greenery, with the complex celebrating the millennia-old rhythm of local life. Tulum debut The distinctive boutique property is...
InterContinental inks Malaysian eco-resort
Under the flagship InterContinental Hotels & Resorts brand, the 450-room newbuild beachfront resort will be located in Kota Kinabalu, capital of Sabah state. Full facilities Marking a new milestone in the growth of IHG’s luxury and lifestyle portfolio in Malaysia,...
Hilton takes flagship brand to Lille
Occupying a prime location in the city centre, the 124-guest-room Hilton Lille will continue to welcome guests and trade as a Hilton affiliated hotel before fully rebranding under Hilton Hotels & Resorts in 2024, following a multimillion-euro renovation. Dual...
ABOUT THE CHAIN
25hours Hotels offers guests a contemporary hotel experience in individual, design-oriented boutique properties.