Slättö has acquired a former police headquarters in Copenhagen for redevelopment into a 169-room apartment-hotel, aiming for significant energy upgrades and environmental certification.

Information on the Target

The property, located at Halmtorvet 20-22 in Copenhagen, has been acquired by Slättö through their Value Add III fund. Originally constructed in 1961 and formerly serving as a police headquarters, the site is set to undergo a comprehensive renovation that will convert it from obsolete offices into a modern apartment-hotel featuring 169 rooms. This property enjoys a prime location opposite the renowned Meatpacking District (Kødbyen) and is just a short walk from Copenhagen Central Station and the M3 metro line. Construction is scheduled to commence in the first quarter of 2026, with an anticipated opening in the fourth quarter of 2027.

Industry Overview in Copenhagen

The hospitality industry in Copenhagen is currently experiencing robust growth, making it the top-performing hotel market in the Nordics. This growth is fueled by a resurgence in international travel and a diverse demand base while facing limited new supply in the upcoming years. Notably, overnight stays in the city have exceeded pre-pandemic levels for three consecutive years, showcasing the market's resilience.

Revenue per available room (RevPAR) has held steady even with the increase in hotel availability, reflecting the ongoing strength of the market. Investors from around the globe are keenly interested in Cope