The FINANCIAL -- JLL has worked with Sadolin & Albæk to advise Danish private equity firm Solstra Investments A/S on the sale of the AC Hotel Bella Sky Copenhagen, the largest hotel in Denmark, to Norwegian investor Wenaasgruppen.
Will Duffey, Executive Vice President, Hotels and Hospitality Group, JLL, says: "This is a landmark deal for the Danish hotel investment market which continues to see strong demand from new types of international investors looking for secure, stable returns.
"Denmark's strong, transparent economy, political stability and AAA credit rating make it a safe haven investment destination. This iconic Copenhagen landmark was very well received by international capital and we are happy to have been able to secure the best deal to help our client achieve their investment objectives."
The sale of the AC Hotel Bella Sky has been completed on a sale-and-leaseback basis. The seller will continue to operate the hotel in a franchise agreement with Marriott International, according to JLL.
The four-star design hotel is Denmark's largest hotel and Europe's largest Marriott branded hotel. Located in the rapidly developing area of Ørestad, the hotel is visited by some 215,000 guests annually and contains 812 guest rooms and 30 conference rooms.