Commercial, International - 8. March 2019
Cofoco to open hotel in Copenhagen this summer
Cofoco has bought a well-known Copenhagen hotel in Vesterbrogade after a long quest for one. EDC Erhverv Poul Erik Bech was the estate agent for the purchase and followed the process from start to end.
The Cofoco food group has bought the Copenhagen Crown Hotel at
Vesterbrogade 41 in Copenhagen. The address has a rich history as a hotel,
dating back to around 1880. Although known as the Copenhagen Crown Hotel for
the past thirty years, the hotel will be renamed by the new owners. Cofoco has
been on the lookout for a hotel for some time, and this will be its first. CEO
and owner Christian Lytje has this to say about the acquisition:
“We have long wanted to enter the hotel industry and have searched for
the right place in Copenhagen, which we have now found at Vesterbrogade 41. In
addition to taking over the hotel operations, we were given the option to buy
the entire building. This gives us a unique opportunity to create exactly the
hotel we want, and the renovation is actually already in full swing. We expect
the hotel to be completely finished by late summer.”
The hotel will have 90 rooms, a few of them with small gardens
attached. The ground floor will have a large lobby area and a charming courtyard.
Both will be open to hotel guests and Copenhageners for coffee, drinks and wine
throughout the day.
“We want to create a warm, welcoming and personal hotel, where
sustainability is in focus, and of course in an affordable price range – which
is exactly the same mantra we have successfully applied to all our restaurants.
We see strong synergies between our restaurants and the hotel, and we believe
that opening the hotel will enable us to give people an even better experience
when they visit Copenhagen,” says Christian Lytje.
Success breeds success
Michael Thodsen, a partner of EDC Erhverv Poul Erik Beck, and
Kenneth Hauge Jacobsen, a commercial estate agent, have helped Cofoco with the
deal. Over the years, Michael Thodsen has done substantial business with
Cofoco, including conducting an ongoing dialogue with the company about what it
is looking for. When the owner of the Copenhagen Crown Hotel signalled a desire
to sell, there was no doubt who might be the right new owner.
After matching the respective expectations, the buyer and seller
signed the contract of sale, so Michael Thodsen is now looking forward to
following Cofoco’s entry into the hotel industry.
“Naturally, we congratulate both the buyer and the seller on the
deal. There is no doubt that Cofoco’s new course will be a great success,
exactly as it has been with its restaurants,” he says.