Hospitality group Tastsinn has bought two Scandic hotels from property development company Dagon for SEK276m (Eu30m).
The hotels are located in Karlskrona and Helsingborg, Sweden. The transactions are expected to be completed on September 1, 2010. Dagon managing director Roger Stjernborg Eriksson said that hotel properties generally gave it a lower return than its core segments including warehouse, industrial, office and retail.
Swedish announcement here: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=408052&lang=sv