First Hotels – now in Iceland

The hotel opened its doors for the first time in June 2014 and has quickly established itself as one of the best hotels in the Nordic markets. First Hotel Alda has achieved a fantastic 4.8 points (out of five) on TripAdvisor, the highest of all luxury hotels in the Nordic capitals. – This is really exciting for us. With this signing, we show that our concept works, even outside the borders of In addition, we will add one of the finest hotels in the Nordic market to our portfolio, says Roar Ingdal, President

Flying Elephant delivers a solid annual result

Flying Elephant reported sales of MNOK 1.798 and an operating profit of MNOK 781 for 2013. The good results come from improved hotel operations and profits from the sale of the properties Hotel Amaranten, Hotel Skt Petri and Hotel Vesterbro. – We are very pleased with the results for 2013. This clearly demonstrates that we have made  good real estate investments, and that the measurements we have implemented pays off, says Flying Elephants founder and chairman of the board, Asmund Haare Positioned for growth The real estate and development area of the group