Denmark: Operator Citybox Lodges has signed a 240-room lodge in Kastrup, Copenhagen, in partnership with the actual property funding agency CapMan.
Citybox will take over operations of the Greatest Western Plus Copenhagen Airport earlier than commencing renovations to rework it right into a Citybox-branded lodge. The refurbished lodge is predicted to open in 2026, pending planning approvals.
Situated one metro cease from Copenhagen Airport and with direct entry to the town centre, it goals to serve each leisure and enterprise friends.
The undertaking follows CapMan’s acquisition of a 28-hotel portfolio from Midstar, the most important Nordic lodge transaction to this point. Citybox has secured a long-term administration settlement with CapMan to function the Copenhagen property.
Eivind Hjulstad, CEO of Citybox Lodges, mentioned: “With this signing, we have now reached an essential milestone in our ambition to ascertain a presence in all of the Scandinavian capitals. Copenhagen has lengthy been a key goal marketplace for us, and this lodge is a robust addition to our rising portfolio. We sincerely recognize the belief CapMan has positioned in us, and we stay up for an extended and profitable partnership.”
Thomas Laakso, accomplice at CapMan, added: “Citybox’s revolutionary, solution-oriented strategy makes them a wonderful accomplice. We’re excited to rework this property right into a vibrant, fashionable lodge catering to budget-conscious travellers.”
