Icelandair Group has sold a 75% stake in Icelandair Hotels and related real estate to Berjaya Property Ireland, a subsidiary of Malaysia-based Berjaya Land Berhad. The acquisition included a put and call option on the remaining 25% for three years. Icelandair Hotels, which has an enterprise value of $136 million, operates 20 hotels across Iceland with a total of 1,811 rooms. Icelandair Group CEO Bogi Nils Bogason said, “While we shift the focus of Icelandair Group to our core ...

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