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GP wrote about the new hotel located just at the terminals of the airport. The hotel, designed by Wingårdhs, will be managed by Scandic built by Peab on behalf of Swedavia – work is underway. But now it is clear that the owner of the property of the hotel becomes Midstar. Midstar is a fund manager owned by a group of pension funds, and the company invests in real estate and, in particular, in hotels in the Nordic countries.
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Property sales do not appear, but they will give a capital gain of the order of $ 140 million to the State of Swedavia
Part of the meetings industry
– Airports are becoming more and more part of the meetings industry. We have developed a number of hotels on Arlanda and this is the first thing we are developing on Landvetter. We think it's amusing that pension funds – which own Midstar – want to invest this way in Landvetter, says Karl Wistrand, CEO of Swedavia Real Estate.
– Just this hotel is very close to the terminal, it's basically a part
Conference room and gym
The seven-story hotel, featuring 222 rooms and bathrooms conference, a gym and relaxation and a restaurant, will be ready early in the year. 2020/2021. Midstar will enter as the owner when the hotel is ready.
– We firmly believe that Swedavia and its development of Gothenburg Landvetter Airport and Scandic Hotels are a hotel operator. This will be our first acquisition of a new build and focuses on our long-term strategy to create a balanced and well-diversified portfolio, "commented Marc Henriksen on Midstar.
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