Wenaasgruppen is a family owned company with investments in hotel properties and alpine ski resorts. In addition, asset management is an important business area.
With 28 hotel properties, 11,787 rooms and annual leasing revenue of about NOK 1,4 billions, Wenaasgruppen is one of the largest hotel property companies in Scandinavia. The strategy is to own, lease and operate hotel properties located in major cities in Scandinavia, Eastern and Western Europe and Russia. The Group will lease its properties on long-term contracts or enter into management agreements with major hotel chains. The hotels must be in a good locations, have over 200 rooms and rental revenue/EBITDA of over NOK 20 million a year and be quality and service leaders within their segments.
Alpine ski resorts
Wenaasgruppen will focus on alpine ski resorts located in major recreational housing areas or close to densely populated areas.
The Group’s available liquidity should be invested seeking the highest possible return without assuming undue risk. Assets are invested in solid, listed industrial and financial companies providing a return in the form of dividends and capital appreciation. In addition, assets are invested in solid high yield and investment grade bonds, at good interest rates. Further liquid assets are invested in the fixed income market, seeking the highest possible yield.