Off Market Investment Opportunity: Arctis Narvik Ski Resort Development
The Billionaire Network is pleased to offer the Arctis Narvik Ski Resort Development
Price: $85M
This unique investment opportunity offers full ownership of all commercial real estate on Narvik mountain, including several fully approved lots for hotels, cabins, restaurants, and the renowned Wolf Lodge. Additionally, the acquisition includes 49% ownership of the ski slopes, with the remaining 51% held by the foundation. This partnership is highly advantageous, as the Norwegian government invests $30M annually into the mountain for ski slope improvements, which the new owner does not have to repay.
Key Highlights:
Narvik: A Rising Star in Tourism
Narvik is a major cruise port and summer fishing hub with a booming tourism sector.
Awarded the 2029 Skiing World Cup: The Norwegian government has committed an additional EUR 140M in upgrades to prepare for the event. This investment will be used for new ski lifts, gondolas, and slope improvements, further increasing the value and appeal of Narvik as a world-class ski destination.
Narvik boasts high demand for accommodations but limited availability, positioning it for significant growth. A newly opened hotel has achieved 92% occupancy in just a short time.
Existing Investment and Value Creation
Over $120M has already been invested into Narvik’s infrastructure, including new gondolas, mountain lodges, and high-end cabins.
The acquisition includes ownership of 100% of all commercial properties, including the Mountain Top Restaurant, parking garages, Arctic Park, and Wolf’s Lodge, which is recognized by Forbes as one of the most exclusive stays in the world.
Adventure Destination
Narvik is famous for its long ski season, extending from October to June. It’s the only location in Europe where visitors can ski under the northern lights and the midnight sun.
The summer season offers fishing adventures and access to nearby destinations like the Lofoten Islands.
Exit Strategy:
An existing venture capital fund is interested in acquiring the fully developed project for approximately $1Bn within 3-4 years. The fund is not purchasing now due to the current size of the project but presents an excellent exit strategy once development is complete.
Investment Requirements:
Initial Land Purchase: USD 85M
Development Cost: Approximately USD 140M for the full buildout, which must be completed before the 2029 World Cup.
Unique Selling Points:
Government Support: The government’s $140M commitment to enhance the slopes for the World Cup will significantly increase the value of the resort, and none of these funds need to be repaid.
Local Community Focus: The foundation selling this property seeks a buyer that will contribute to the prosperity of Narvik, prioritizing local employment and sustainable regional development.
High Market Demand: There are already 4 Letters of Intent from interested parties, signaling high demand for this prime real estate opportunity.
This investment is time-sensitive, with growing interest from high-net-worth individuals and companies seeking to capitalize on Narvik’s rapid growth before prices surge post-World Cup.
Take advantage of this unique opportunity to develop and own a premier, world-class ski and adventure resort in the heart of the Arctic.
COMMISSIONS AVAILABLE TO ANYONE FOR SUCCESSFUL CLOSURE
For more information please contact us ASAP
