Large conference hotel sold
Pangea adviser to Starwood and Scius in the sale of Aronsborg.
Starwood Capital Group and its operating partner Scius have divested Aronsborg Conference Hotel located northwest of Stockholm. Aronsborg is a specialised conference and event hotel with 196 rooms and a total area of about 15,000 sqm. The buyer was Strawberry Properties, controlled by Petter Stordalen.
Pangea Property Partners was sell-side adviser to Starwood and Scius in the transaction. In the last 18 months, we have advised on 9 hotel transactions across the Nordics with an underlying property value above EUR 1.2bn. In addition, we have done a number of strategic advisory and valuation mandates in the hotel sector.