Entra Acquires Oslo Hotel

Entra.

Image: Brage Aronsen

Entra Acquires Oslo Hotel

Norway — Entra will acquire Hotel Savoy located in the Tullin quarter in Oslo for NOK 185 million. The property has a central and attractive location in the middle of Entra’s property portfolio at Tullin and is an important part of the product mix in the cluster. Hotel Savoy is an historical hotel with a strong brand totaling 5,550 sqm and 93 rooms. The hotel is operated by Nordic Choice Hotels.

2021-07-12

Hotel Savoy forms an important part of Entra’s urban development of the Tullin area. We currently have 66,500 sqm of office and conference facilities under development here as well as a 23,000 sqm university building finalised in 2019. The hotel has a development potential, and we see significant synergies from product bundling and cross-marketing with our other concepts in the area, says CEO Sonja Horn

The transaction will close on 14 July 2021.

Pangea Property Partners was the advisor to Entra.

Axel Ohlsson

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