Sale of Kämp Collection Hotels

CapMan

Posted on

14 Aug

2019

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Fast facts

Date of announcement:

14 August 2019

Status:

Pending

Cross-border:

Yes

Deal value:

Undisclosed

Dittmar & Indrenius > References > Sale of Kämp Collection Hotels

We advise CapMan and the other sellers in the sale of Kämp Collection Hotels, the leading luxury and lifestyle hotel group in Finland, to Nordic Choice Hospitality Group.

Kämp Collection Hotels comprises 10 hotels in the Helsinki capital region, namely Hotel Kämp, Hotel St. George, Klaus K Hotel, Hotel Haven, Hotel Lilla Roberts, Hotel Fabian, and four GLO hotels, as well as 17 restaurants and bars and two spas. The turnover of the group is approximately 90 million euros and the group employs approximately 600 people.

Nordic Choice Hospitality Group includes 195 hotels in 6 countries: Norway, Sweden, Denmark, Finland and the Baltic countries. The chain employs 16,500 people and its annual turnover is approximately 1 billion euros.

Completion of the transaction is subject to approval by the Finnish Competition and Consumer Authority.

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