Nordic real estate investor Nrep has acquired Clarion Hotel Stockholm, one of the largest hotels in Sweden's capital city, from Aspelin-Ramm Fastigheter.
The deal, completed through the €3.65 bn value-add fund, Nrep NSF V, gives Nrep access to more than 1,000 hotel rooms in central Stockholm.
The acquisition strengthens Nrep's partnership with the hotel chain Strawberry, the Nordic region's second-largest hotel operator, which has a long-term lease on the entire property.
Clarion Hotel Stockholm boasts 532 rooms spread across 23,700 m2 of lettable area. It offers a range of amenities including bars, restaurants, a spa, a gym, and meeting facilities.
The property is currently certified BREEAM Very Good and has strong potential to achieve the highest rating, BREEAM Excellent, with minimal upgrades.
Located near the Skanstull metro station, the hotel enjoys convenient access to Södermalm, beautiful outdoor spaces, and the vibrant Söderstaden district, which includes popular venues like Avicii Arena and 3Arena that attract more than 3.5 million visitors annually.
Carl-Adam von Schéele, country manager for Nrep Sweden, said: ‘It is a well-designed, well-managed, and functional property we are acquiring from Aspelin Ramm Fastigheter, and it is fully in line with our ambition to acquire high-quality assets with strong operators in important urban locations. By combining our focus on sustainability with improvements in the hotel's commercial offering, we can create value that benefits the guests, Strawberry, and Södermalm as a district and destination.’
The hotel market in Stockholm is experiencing a strong recovery post-pandemic, with revenue per available room surpassing pre-2020 levels despite inflation.
Nrep is part of Urban Partners, an investment platform that last year raised Nordic Strategies Fund V (NSF V), Europe's largest value-add fund with approximately €3.65 bn in capital. Nrep manages 8 million m2 of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany.
