CapMan Nordic Real Estate IV forms 50/50 JV with AP Pension to buy Crowne Plaza Copenhagen hotel

• CapMan formed a 50/50 joint venture with Danish pension firm AP Pension to buy Hotel Crowne Plaza Copenhagen.
• Deal completed via CapMan Nordic Real Estate IV, one of the fund’s first investments since its first close in June.
• Asset is a four-star, 29,000-sqm hotel in Ørestad with 366 rooms, operated by Bellagroup.
• Partnership plans targeted refurbishments to lift performance, supported by tight new hotel supply in Copenhagen.

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