CapMan Hotels RE fund starts a collaboration with Lapland Hotels

CapMan Press Release - 29 January 2015 at 6:40 a.m. EET

CapMan Hotels RE fund starts a collaboration with Lapland Hotels

CapMan Hotels RE fund starts a collaboration with Lapland Hotels by signing lease agreements for its hotel properties in Tampere and Oulu. The new long-term lease agreements come into effect at the end of 2015. Prior to this, the properties will undergo a comprehensive upgrade and facelift.

"We are happy to welcome a new interesting operator to our hotel properties. In the renewed hotels, Lapland Hotels can combine modern luxury with Northern mystique and culinary experiences. Lapland Hotels has a good service level and strong experience in international tourism. We believe, that they have an excellent foundation to further expand their operations into business travel," comments Pirjo Ojanperä, partner at CapMan Real Estate.

"Finland has a lot to offer to the globally growing tourism industry. By expanding our business outside of Lapland, we are able to provide our services to the leisure and business travellers also in Southern Finland. To implement this strategy, we are happy to start cooperating with CapMan," comments chairman of Lapland Hotels, Pertti Yliniemi.

CapMan Hotels RE fund was established in 2008, and it manages a portfolio of 40 hotels in Finland and Sweden. The portfolio includes amongst others the hotels Crowne Plaza and GLO Hotel Art located in Helsinki city centre.

For further information:

Pirjo Ojanperä, Partner, CapMan Real Estate, tel. +358 207 207 642

Pertti Yliniemi, Lapland Hotels Oy, tel. +358 400 636 969

CapMan Real Estate

CapMan Real Estate manages four real estate funds: the CapMan Nordic Real Estate fund, which is in active investment phase and investing in office, retail and residential properties located in the Nordic countries, the CapMan Real Estate I fund, which is focused on commercial properties in Greater Helsinki, the CapMan RE II fund, which is focused on commercial and development projects around Finland and CapMan Hotels RE fund, which owns hotel properties, primarily in Finland. The team comprises of approx. 20 people based in Helsinki, Stockholm, Copenhagen and London.

CapMan Real Estate is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of €3.2 billion. CapMan has five key investment partnerships - CapMan Buyout, CapMan Real Estate, CapMan Russia, CapMan Credit and CapMan Public Market - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in Helsinki, Stockholm, Moscow, Luxembourg and London. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.

Lapland Hotels Oy

Lapland Hotels, the biggest hotel chain in Lapland, has 13 hotels, 1 600 rooms and apartments and 8 000 restaurant seaters in Ylläs, Levi, Saariselkä, Rovaniemi, Olos, Luosto, Kilpisjärvi, Pallas and Hetta. In addition, Lapland Hotels has ski resort operations in Äkäslompolo village in Ylläs, Luosto, Olos and Pallas. Lapland Hotels is also a co-owner in Lapland Safaris, a programme service provider. The roots of the company are deep in the history of tourism in Lapland, as the chains' oldest hotel Lapland Hotel Pallas was established in 1938.

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