17 december, 2018

Additional hotel deal in Sweden

Pangea adviser to Västerkulla in the acquisition of Clarion Hotel in Falun

Västerkulla Hotell has acquired the property Bergmästaren 22 in central Falun. The property was built and extended in 1930 and 1985 respectively with an extensive refurbishment in 2013-2015. The tenant is Clarion Collection Hotel Bergmästaren on a long lease agreement. The hotel has 85 rooms, conference facilities, restaurant and bar.

Pangea Property Partners was buy-side adviser to Västerkulla in the transaction. So far in 2018, we have advised on about 50 transactions and advisory mandates with an underlying property value above SEK 27 billion.

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