Danish PE group acquires Copenhagen Marriott

Danish private equity firm Solstra has acquired the Copenhagen Marriott for many believe to be around $117 million. Solstra is a majority stakeholder in the Bella Centre, which features the hotels Bella Sky and Crowne Plaza among other properties.

"With the purchase of the Copenhagen Marriott Hotel, we continue our planned expansion and strategic development, realizing our intention of creating a market-leading hospitality company that can further solidify Copenhagen’s position as an attractive destination," said Oscar Crohn, managing partner at Solstra Capital Partners.

He added the firm was looking for further opportunities. "The aim is to be the undeniably strongest, best-run hospitality company in Denmark."

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The Marriott Hotel acquisition is subject to competition authority approval, a process expected to conclude in early 2015.

 

 

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