Choice Hotels Scandinavia has signed an agreement for the acquisition of Copperhill Mountain Lodge in Are, Sweden. The 20,000 square metre facility includes a hotel, staff quarters and associated cabins, and the acquisition price has been set at SEK 200 million. The hotel was completed in December 2008, following SEK 800 million in investments.

Petter Stordalen, owner and chairman of the board at Choice Hotels Scandinavia said: “This is the first time that I have bought copper for the price of granite. But I am sure that this will turn into a gold mine for Choice.” The hotel complex is to be purchased by Home Properties, the property company owned by Petter Stordalen. Choice Hotels will be responsible for its operation.

The five-star Copperhill Mountain Lodge was opened in December 2008 as one of six Swedish Design Hotels. The hotel comprises 112 suites and rooms with a total of 580 beds, in addition to conference facilities capable of hosting up to 600 people. Copperhill Mountain Lodge also offers a gourmet restaurant, champagne bar, apres ski bar and lounge bar, as well as a spa department inspired by Sami traditions. A private ski lift system – the Copperhill Express – links the hotel to the Are skiing resort, which includes 46 lifts and 102 pistes.

Torgeir Silseth, managing director of Choice Hotels Scandinavia said: “We believe strongly in the opportunities that the facility offers, and in Are as a destination. We hope that the snow comes early to Are this year so that we can get started as soon as possible.”

About Choice Hotels Scandinavia
Choice Hotels offers accommodation at hotels in cities throughout Scandinavia. You can find Choice Hotels in Oslo, Bergen, Stavanger, Stockholm, Gothenburg and Copenhagen, among other cities.

Via EPR Network