Swedish property group Balder has acquired the Scandic Opalen hotel in the centre of Gothenburg from a consortium of private investors.
Swedish property group Balder has acquired the Scandic Opalen hotel in the centre of Gothenburg from a consortium of private investors.
The investment volume comes to SEK 550 mln (€62 mln).
The hotel comprises 353 rooms across 18,500 m2 of space. The asset is fully let to hotel operator Scandic on a long-term contract.
'Scandic Opalen is a landmark property with a strategic location,' commented Balder's CEO Erik Selin.
Savills advised the vendors on the deal.