• Midstar acquires Ibis Malmö

Midstar has acquired the 255-room Ibis Hotel Malmö together with partners Sveafastigheter and Event Holding, for an undisclosed fee.

A Midstar subsidiary currently leases the hotel. "The asset fits well within our strategy, and being in control of both operation and ownership lays the basis for further investments in the property," said Peter Tengström, CEO of Midstar.

See the full release here:
http://www.sveafastigheter.se/media/2011.aspx

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