Starwood Capital Group’s Acquisition of Hotel Skt. Petri

Bech-Bruun advised Strawberry Forever on the transaction.

Norwegian Petter Stordalen and Strawberry Forever have sold Hotel Skt. Petri, a luxury hotel in Copenhagen to US-based Starwood Capital Group, a global private investment firm with a core focus on global real estate, energy infrastructure and oil & gas.

With its 288 rooms and location in the centre of Copenhagen, the luxurious Hotel Skt. Petri is one of the best hotels in Scandinavia.

The Norwegian hotel investor Petter Stordalen and the Strawberry Group still own several other hotels in Copenhagen, including Hotel Villa Copenhagen.

Alongside the acquisition, Starwood Capital and Strawberry Forever intend to work together to pursue future hotel investments across the Nordics, drawing upon both parties’ hospitality experience and track records in hotel investing. As part of this relationship, Strawberry Hospitality Group will continue to operate the Skt. Petri while Starwood Capital plans for a redevelopment of the hotel.

Strawberry Forever is a real estate company which owns and manages commercial property worth 6.2 BNOK. Strawberry Forever invests in high-quality real estate with a prime location in major cities and capitals in the Nordic region.

The Bech-Bruun’s team was headed by Steen Puch Holm-Larsen (Picture), Stinne Amalie Kretzschmar and Sofie Michalsik.

Involved fees earner: Steen Puch Holm-Larsen – Bech-Bruun; Stinne Amalie Kretzschmar – Bech-Bruun; Sofie Michalsik – Bech-Bruun;

Law Firms: Bech-Bruun;

Clients: Strawberry Group;