Advisor to Norwegian in NLTG acquisition

Oslo, 16 June 2026 - CBRE acted as Norwegian Air Shuttle ASA’s (Norwegian) adviser in the acquisition of Nordic Leisure Travel Group, delivering commercial, technical, and environmental due diligence of a portfolio comprising of 13 hotels in the NLTG portfolio. 

– We are proud to have contributed to Norwegian’s acquisition of NLTG, which demonstrates the strength of CBRE’s capacity, expertise and strong network, says Jorgen E. Arnesen, Managing Director of CBRE in Norway. 

CBRE's multi-services teams from Norway, Spain and the UK have been involved in the due diligence.  

– CBRE demonstrates the capability to deliver high-quality, time-efficient solutions in the hospitality industry—combining deep sector expertise with a strong international platform to create measurable value for clients, says Erik Lee Myklebust, Head of Hotels, Norway, who has been leading the assignment in CBRE. 

The Norwegian Group holds a leading position in the Nordic market for air travel, operating commercial scheduled flights based out of 11 bases in Norway, Denmark, Finland, Sweden, Spain, and Latvia. Norwegian has long been recognised as an industry leader in low-cost travel.  

Nordic Leisure Travel Group markets travel services originating from Sweden, Denmark, Norway, and Finland. The Group comprises the tour operators Ving Norway, Ving Sweden, Globetrotter, Spies, and Tjäreborg; the airline Sunclass Airlines; and the hospitality company Hotels & Resorts, which includes the Group’s proprietary hotel brands Sunwing Family Resorts, Ocean Beach Club, and Sunprime Hotels. In total, the Group sells approximately 1,325,000 travel experiences annually. Nordic Leisure Travel Group is owned by Strawberry Group, Altor and TDR Capital.