CBRE has acted as buy-side advisor to CapMan Real Estate in the acquisition of the Midstar Hotels Portfolio – comprising 28 hotels and 4,709 rooms across Sweden, Denmark and Norway.
The transaction marks the largest hotel real estate transaction in the Nordics on record.
CapMan Real Estate acquires the portfolio through its Nordic hotel fund, CapMan Hotels II.
“We extend our heartfelt congratulations to CapMan on their landmark acquisition and commend Midstar and their advisors for a smooth process. We are grateful for the opportunity to assist CapMan in executing their hotel strategy, and we look forward to witnessing the positive impact of this transaction on the industry,” says Erik Myklebust, Head of Hotels, Nordics.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries.
