CapMan’s portfolio company Kämp Group, a Finnish luxury hotel group, has acquired the lifestyle hotel Klaus K in Helsinki. According to Kämp Group, the acquisition will take Helsinki’s luxury and lifestyle hotel scene to the next level. As a result of the transaction, Rake Oy, the owner of Klaus K, becomes a significant owner of Kämp Group.
“We were very interested in the success of the Klaus K brand and their exceptional service culture. The acquisition of Klaus K really puts Kämp Group in the fast lane to achieve its growth objective. Klaus K is a natural fit to the Kämp Group philosophy and the existing hotels,” says Ari Tolppanen, Senior Partner at CapMan Buyout and the Chairman of Kämp Group.
New Sky Loft brand
Klaus K is introducing 30 new large luxury rooms under a Sky Loft brand which will be available in July 2014. “The Sky Lofts will include a spectacular top floor suite and a roof top terrace, offering the best rooms in Helsinki,” says Kämp Group’s CEO Aarne Hallama. Kämp Group is the market leader in the luxury and lifestyle hotel segment of Helsinki with a total of nearly 1,000 rooms.
Helsinki has 62 hotels with a total of 8600 rooms. According to Statistics Finland, their total turnover is EUR 220 million. Kämp Group has about 1000 rooms in Helsinki and a 12% market share. Royal Ravintolat has 500 rooms and its market share is 5-6%. In an interview with Helsingin Sanomat newspaper, Kasperi Saari, founder and owner of Royal Ravintolat, said there is still space for 2000 more hotel rooms in Helsinki provided they are in good locations.
Source: Kämp Group, Helsingin Sanomat