PCP shapes the sustainable hotel future with CIC

Founder-led hotel operator and owner CIC is the latest addition to the PCP investment portfolio. Based in Oslo, Norway, CIC is an operator and owner of innovative and price-friendly hotels across Scandinavia. CIC is led by a strong founding team who are supported by Norvestor as a dedicated and supportive owner.

CIC offers innovative hotels in locations where demand typically is driven by other sources than tourism which reduces cyclicality and in combination with best-in-class cost management and a sustainable mindset, adds stability. The PCP facility will be used by CIC to execute on its growth plans in the coming years.

August Moberg, Investment Manager at PCP: “We are very impressed by CIC’s operations and successful expansion of its portfolio to date as well as its strong team with an experienced management team and a supportive owner.”

Ulf Hamberg, Managing Director at PCP: “CIC is a perfect example of the entrepreneurial companies we support at PCP. We are looking forward to working with CIC to accelerate growth going forward.”