Press release -
Host property AB and Gelba Fastigheter form partnership with a portfolio of eight Swedish hotels
We are pleased to announce that Host Property AB, has successfully sold 51% of its shares to Gelba Fastigheter, keeping 49% ownership. Additionally, the company's bond loans have been refinanced. Colliers has acted as the financial advisor to Host Property AB in connection with the transaction.
The portfolio consists of eight regional Swedish First Hotels, with 967 rooms and approximately 75,000 lettable area. Among these, four hotels are situated in the southern part of Sweden, while the remaining four are located in the northern region from Sundsvall to Örnsköldsvik. Several of these properties holds significant potential for development.
Read more here: Host AB, parent company of Host Property AB (publ) (the "Company"), has entered into a share purchase agreement regarding the divestment of shares in the Company - Host Property | beQuoted Nyheter
About Colliers Group
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. Colliers mission is to maximize the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.