Hurtigruten Considers Sale of Its Real Estate Portfolio in Svalbard

Svalbard

The Hurtigruten Group, through its Hurtigruten Svalbard subsidiary, has announced that it has decided to initiate a process to consider strategic alternatives for its real-estate portfolio in Svalbard.

The company stated that it will engage with interested parties in Norway and internationally and review various options for partnerships.

Hurtigruten Group’s long-term strategic commitment to a land-based Svalbard operation through Hurtigruten Svalbard will not be changed as a result of this process, it said.

Hurtigruten owns and operates three hotels, retail stores, several apartments and a significant activity and excursion operation on Svalbard and said that several external parties have expressed interest.

Hurtigruten has engaged Carnegie as its financial advisor in relation to this process.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

51 Ships | 109,838 Berths | $35 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today