Asset description

Hotel Front and Hotel Kong Frederik are 4 star hotels located in central Copenhagen

Icora's role

Oversaw the sale process from inception through to completion

Drafted and finalised the Information Memorandum

Valuation analysis

Project managed the transaction including process timetable, due diligence and the contractual completion process

Evaluated potential buyers and provided analysis and advice on the preferred buyer/bid

Secured a strong, all cash sale, in a challenging economic climate

Acquirer was Norden A/S, a $1.1 billion Danish investment fund

Sector:
Leisure
Location:
Denmark

Prior projects under the name Icora Partners from 2010 to 2017