The hotel is located alongside E4/E20 and has 190 rooms, ten conference rooms, a restaurant and a bar.
"The sale is part of the continued processing of the portfolio with 73 hotel properties, which were acquired by Norgani 2010. Since the acquisition of Norgani in November 2010, five non-strategic hotels have been sold, and new leases with related investment programs have been entered into for more than 40 hotels," says Anders Nissen, CEO of Pandox.
The purchaser is Sveafastigheter, which through its cooperation with Midstar and Event Holding will acquire all shares in the company Norgani Stockholm Fotsacken 1 AB holding the leasehold for Fotsacken 1.
The sales price amounts to SEK 12 million, which exceeds Pandox book value of the leasehold.
Possession takes place April 18, 2012.