The sold property comprises a hotel and a few houses. Credit: Diös Fastigheter/Cision.

Sweden-based property management company Diös has agreed to sell its hotel in Borlänge for Skr200m ($19m) to Midstar Hotels.

The property has a lettable area of 14,000m², an annual rental value of $1.24m, and an economic renting rate of 98%.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The sale of the property is expected to conclude on 1 June 2023.

The sold property comprises a hotel and a few houses. Scandic is the most significant commercial tenant.

Diös transactions manager Annie Franzon said: “We continue to be active on the transactions market and carry out strategic deals that generate opportunities for growth and development.

See Also:

“We are very happy to sell to Midstar Hotels, a company that is focused on hotel properties, and we extend them a warm welcome to Borlänge.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sweden-based property firm Midstar Hotels, which specialises in hotels, has holdings in Sweden, Norway, and Denmark. The company intends to assume long-term sustainability and profitability for the whole transaction.

Midstar Hotels partner Marc Henriksen said: “Borlänge is an exciting growth city, and our new property fits well in our portfolio. We look forward to continuing to develop the property together with our tenants.”