The property will be handed over to Movinn fully furnished. Credit: Movinn/Cision.

Movinn, a provider of fully serviced apartments, has entered a long-term lease for the former Duxiana Hotel in Malmö, a city in Sweden.  

The property is set to be rebranded and relaunched under a new brand in the latter half of June 2024. It will be operated under the Movinn group. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This transition will see the hotel transformed into a 21-unit boutique aparthotel, with a focus on maintaining the property’s historical significance.  

The units will cater to a variety of guests, including corporate clients from Movinn’s existing Swedish portfolio as well as short-stay business and leisure travellers. 

This property will be handed over to Movinn fully furnished, featuring DUX beds, Jetson chairs, and more. 

See Also:

Additionally, the aparthotel will feature a restaurant on the ground floor, alongside meeting facilities and a rooftop terrace within the inner courtyard. 

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.

Located on the corner of Mäster Johansgatan and Norra Vallgatan, the property is close to the central train station. 

Movinn CEO Patrick Blok said: “Happy with this result. It’s a beautiful house that has been well taken care of by the former owners. It’s a fantastic location that will serve as a flagship product of our activities in Skåne.  

“The quality of the property and interior is extremely high, making it a great plug-and-play opportunity for us to grow substantially and deliver on fundamental metrics without tying up too much capital. The deal is perfectly aligned with our sourcing strategy as well, making the deal a tangible example of our focus and ability to execute.” 

Once fully operational, the aparthotel is expected to generate an annual revenue of between Skr6.5m to Skr8.5m . 

It is also projected to create earnings before interest taxes depreciation and amortisation (EBITDA) of Skr1.3m to Skr2m.