Denmark: Operator Citybox Inns has signed a 240-room lodge in Kastrup, Copenhagen, in partnership with the actual property funding agency CapMan.
Citybox will take over operations of the Greatest Western Plus Copenhagen Airport earlier than commencing renovations to remodel it right into a Citybox-branded lodge. The refurbished lodge is anticipated to open in 2026, pending planning approvals.
Positioned one metro cease from Copenhagen Airport and with direct entry to the town centre, it goals to serve each leisure and enterprise company.
The challenge follows CapMan’s acquisition of a 28-hotel portfolio from Midstar, the biggest Nordic lodge transaction up to now. Citybox has secured a long-term administration settlement with CapMan to function the Copenhagen property.
Eivind Hjulstad, CEO of Citybox Inns, mentioned: “With this signing, we now have reached an essential milestone in our ambition to ascertain a presence in all of the Scandinavian capitals. Copenhagen has lengthy been a key goal marketplace for us, and this lodge is a robust addition to our rising portfolio. We sincerely admire the belief CapMan has positioned in us, and we sit up for an extended and profitable partnership.”
Thomas Laakso, companion at CapMan, added: “Citybox’s revolutionary, solution-oriented strategy makes them a wonderful companion. We’re excited to remodel this property right into a vibrant, trendy lodge catering to budget-conscious travellers.”
