Alma Property Partners and Midstar have agreed to acquire five hotels in Denmark from Pandox through a joint venture for DKK 1.155 billion ($179 million).
The portfolio includes 928 rooms across four hotels in Greater Copenhagen and one in Kolding, totaling approximately 495,000 square feet. The properties are Motel One Copenhagen, Scandic Sluseholmen, Scandic Hvidovre, Scandic Glostrup and Scandic Kolding.
The acquisition is being made through Alma's fourth diversified value-added real estate fund, Alma IV, with Midstar serving as co-investor and responsible for ongoing asset management.
All five hotels are fully leased to Scandic and Motel One under long-term agreements. The joint venture plans to pursue targeted investments and improvements in collaboration with the hotel operators.
The transaction is part of a broader divestment by Pandox involving seven hotels in Denmark and Sweden, with a combined property value of approximate
