Aareal agrees €103m green financing deal for Danish hotel

Aareal Bank has closed a €103 million financing agreement for the Villa Copenhagen Hotel in the Danish capital with the Strawberry Group.

The five-star hotel opened in 2020 and is 50 per cent co-owned with Varner Brothers.

Strawberry Group is one of the largest hotel companies in the Nordics with over 225 hotels at more than 100 destinations across the Nordics. The new deal comes under Aareal’s Green Finance Framework

The 390-room hotel is set in the century-old Central Post and Telegraph Head Office.

What they said

Patrik Lundström, general manager at Aareal Bank, said: “Petter Stordalen is a visionary within the hospitality industry, and we are pleased to enter into a partnership with his group, which is one of the largest hotel platforms in the Nordics.”

Mads Koch, CFO of Strawberry Brothers, said: “We are very pleased to have successfully closed this financing agreement and are very excited to start this partnership with Aareal Bank, one of the leading banks within the hotel industry.”