Financial and strategic advisory focusing on hotel property and operation. Feasibility studies, market analyses and investment decisions.

Tenant Search

National and international tenant search in order to secure the correct business model, concept and rental terms.


Commercial management of rental contracts. Evaluation of existing rental contracts, renegotiation and renewal.


Market value of property and the operating company.


Hotelia are licensed brokers and assist our clients in both acquiring and selling property.

Our Team

Geir Lundkvist


Geir Lundkvist studied hotel- and restaurant management at the Norwegian School of Hotel Management. He has more than 30 years’ experience from the hotel industry, including from hotel operations, and from senior management positions within Scandic Hotels in the Nordic area. While serving as CEO of Scandic Hotels in Norway, Lundkvist steered more than 1000 employees through a comprehensive restructuring process.

+47 928 87 708

Anders Vatne


Anders Vatne attended the Norwegian School of Hotel Management as well as the Norwegian Business School (BI). He has more than 30 years’ experience from hotels, real estate and the travel industry – including several years with Thon Hotels in Norway. Until 2010 Vatne served as CEO of Norgani Hotels, the largest hotel property owner in the Nordics with 74 properties in 4 Nordic countries.

+47 926 97 700

Håkon Gaarder-Larsen

Senior Consultant

Håkon Gaarder-Larsen enjoys 30 years of national and international hospitality and leadership experience. With his total of 11 General Manager positions on 4 continents he possesses a unique industry experience few in Norway are able to match. Håkon has a series of industry and leadership specific programs from leading international universities, including IMD and Cornell. Throughout his career Håkon has received several awards, among other the price as General Manager of the year for Hilton Hotels outside North-America.

+47 476 34 827

Lars Ulrik Danielsen


Lars Ulrik Danielsen holds a MSc in Business with major in Finance degree from BI Norwegian Business School. After working part-time for 1,5 years he now works full-time as an Analyst for Hotelia. His main responsibilities are advanced modeling in Microsoft Excel VBA, statistical analysis and portfolio evaluation.

+47 905 32 768

Kristoffer Aasebø


Kristoffer Aasebø is a licensed practitioner for Hotelia, with a law degree from University of Oslo. He is a partner in the law firm Bull & Co., where he assists Hotelia in matters of real estate, restructuring, bankruptcy, transactions, contract law and administrative law. Previously been involved in several transactions between major properties and real estate firms.

+47 995 23 554


Analysis & Advisory

Hotelia offers advisory services to both small and large real estate firms, as well as individual hotel owners. Our services range from advisory regarding establishing, operating and managing hotels, to investment decisions. We constantly keep our market knowledge and databases updated, and release two market reports annually. Our recommendations are always based on thorough market analyses and our solid experience.
  • Feasibility studies
  • Market evaluation
  • Financial, economic and strategic advisory
  • Business review

Tenant Search

Hotelia enjoys a large domestic and international network of hotel property owners, hotel chains and hotel operators. A tenant search is always tailored to the needs of the client. Is the current positioning of the hotel suitable? What kind of contract should be used? What is the obtainable rent? The answers to these questions will determine which operator or hotel chain that should operate the hotel following the opening of a new one or a renegotiation of existing contract.

Contract Management

Revenue based rental agreements demands a regular and thorough monitoring of the contract itself and the operator. Special care is placed on market performance, quality, outlook, upgrade for instance.
  • Benchmarking analyses
  • Audit of reported revenue
  • Evaluate the revenue potential of all the commercial spaces
  • Monitoring the operator


Hotelia specializes in valuating hotels and hotel properties. We conduct thorough market based evaluations for both owners and tenants. Hotelia has developed an extensive and comprehensive valuation model. The model considers all the various aspects of the object at hand, and is constantly used in the majority of projects Hotelia undertakes.

Eksempler på bruksområder:

  • Kjøp og salg av eiendom
  • Internt bruk  Generasjonsskifte
  • Bruk vis-à-vis banker, aksjonærer og lignende.


Hotelia possess the required license to assist our clients through the entire transaction process. Based on our previous experience in hotel development, we are able to reveal potentially critical development opportunities that may increase the hotel’s earnings and value. Our approach in a transaction is to identify the underlying value driving factors that will maximize the value for the owner both prior and after a sale. We enjoy a large domestic and international network of operators, land lords and investors in the hotel industry that regularly seeks new real estate investments.
  • Sale of property
  • Acquisition and sales advisory
  • Commercial due diligence



Market Report 2021

Selected References