This single family office from Europe invests in hotels [2022]

The Norwegian single family offices Wenaasgruppen has its roots in a clothing firm launched by Lars Wenaas in 1931. In 2006, the last shares of the family company were sold to Axcel and other investors. Now, the family office is mainly focused on hotel investments, besides stocks, bonds and fixed income securities. The Norwegian hotel investor single family office has invested in 28 hotel properties. Hence, it is a major investor in the European hospitality real estate sector. For instance, in 2019/20, the Don Giovanni Hotel in Prague was acquired or the Comfort Hotel Arlanda Airport in Sweden. The investment strategy is focused on hotels in prime locations and major cities. In Germany, the hotel investor owns the Radisson Blu in Frankfurt or the Scandic Berlin Potsdamer Platz. Another interesting investment sector of Wenaasgruppen is focused on alpine ski resorts, which owns the Bjorli Skisenter and the Oppdal Skisenter. 

Picture source: Edvin Johansson