CapMan Hotels RE fund starts collaboration with Lapland Hotels (FI)

CapMan Hotels RE fund starts a collaboration with Lapland Hotels by signing lease agreements for its hotel properties in Tampere and Oulu. The new long-term lease agreements come into effect at the end of 2015. Prior to this, the properties will undergo a comprehensive upgrade and facelift.
"We are happy to welcome a new interesting operator to our hotel properties. In the renewed hotels, Lapland Hotels can combine modern luxury with Northern mystique and culinary experiences. Lapland Hotels has a good service level and strong experience in international tourism. We believe, that they have an excellent foundation to further expand their operations into business travel," comments Pirjo Ojanperä, partner at CapMan Real Estate.
"Finland has a lot to offer to the globally growing tourism industry. By expanding our business outside of Lapland, we are able to provide our services to the leisure and business travelers also in Southern Finland. To implement this strategy, we are happy to start cooperating with CapMan," comments chairman of Lapland Hotels, Pertti Yliniemi.
CapMan Hotels RE fund was established in 2008, and it manages a portfolio of 40 hotels in Finland and Sweden. The portfolio includes amongst others the hotels Crowne Plaza and GLO Hotel Art located in Helsinki city center.
Source: CapMan Real Estate