The Biggest Property Purchase
The purchase of so many hotels will be Norway's largest property transaction in history and Norwegian Property should continue to grow - the company has become the leader in Scandinavia within 14 months and seems to be changing Scandinavia's hotel industry.
If Oslo-based Norwegian Property also manages to purchase Norgani Hotels, they will become the largest stock-listed real estate firm in Scandinavia, with over 130 hotel properties worth NOK 31 billion (= USD 5.4 billion). It will be interesting to see how this affects the individual hotels, and hotel rates for travelers.


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