Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OSLO-Pandox AB, a real estate firm in Sweden, has agreed to purchase Norgani Hotels AS, the Nordic hotel property firm, from Norwegian Property ASA for $1.33 billion.

The hotels have 671,000 square feet of lettable area and up to 12,884 rooms. Pandox, Sundt AS and Eiendomsspar AS are joint purchasers and the transaction is expected to close in the Q4 of 2010. Norgani Hotels owns a conference center and 73 hotels located in Sweden, Finland, Denmark and Norway. For the full story, go to Reuters.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.