Open sale pro­cess of Lands­bankinn’s 35% hold­ing in Keahótel ehf.

Landsbankinn’s shareholding in hotel franchise Keahótel ehf. is now for sale. The sale process will be in accordance with Landsbankinn’s Policy for the Sale of Assets.

Further information

Hömlur fyrirtæki ehf., a subsidiary of Landsbankinn, offers for sale the Bank’s 35% shareholding in hotel franchise Keahótel ehf. The sale process will be in accordance with the Bank’s Policy on the Sale of Assets and is open to all investors who qualify to participate, i.e. meet eligibility requirements on financial standing.

Keahótel is one of the largest hotel chains in Iceland. It incorporates ten hotels with 940 rooms and locations in Reykjavík, Akureyri, Grímsnes, Vík and Siglufjörður. Landsbankinn acquired a 35% share in the hotel franchise following financial restructuring of the company in 2020.