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Fastighets Balder acquires hotel portfolio for SEK 2.2 bln

Wednesday, 16 Apr 2014 02:15am EDT 

Fastighets Balder AB:Acquires a hotel portfolio of 14 hotel properties from Pandox.Purchase price 2.2 billion Swedish crowns.Transaction covers 127,000 square meters and 2,400 hotel rooms, out of which over 40 percent of the assigned property value is situated in the Stockholm region.Tenants include Scandic, Nordic Choice, and Winn Hotel Group.Properties will be taken into possession in Q2 2014. 

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