PARETO TO ACQUIRE NEW COPENHAGEN AIRPORT HOTEL FROM SKANSKA

City Danmark A/S, a subsidiary of Pareto Securities, has entered into an agreement with Scandinavian developer Skanska to acquire, upon completion, a 357-room hotel being developed at Copenhagen Airport, for a reported price of circa €90 million (€252,000 per room). The transaction is due to complete in the first quarter of 2021 after the hotel has opened. The hotel will be operated by Scandic on a 20-year lease agreement.

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