Prime location in Reykjavik
The Candlewood Suites property will be located in a former office building in the Hlíðar district, near the city’s main pedestrian street and attractions such as the Kjarvalsstaðir Art Gallery, the Icelandic Phallological Museum, and Sundhöllin Public Baths.
The 53-room property will feature studios and apartments with kitchens, designed for long-term stays.
“We are looking forward to introducing the Candlewood Suites brand to the Nordics with the signing of Candlewood Suites Reykjavik in Iceland, an exciting emerging market for IHG. We are especially proud of the swift collaboration between IHG and our esteemed partners at ALVA.” – Willemijn Geels, Vice President Development Europe, IHG Hotels & Resorts
Partnership with ALVA Capital
The project is developed in collaboration with ALVA Capital, a Reykjavik-based investment and development firm. CEO Skorri Rafn Rafnsson stated:
“We are incredibly proud to be working with IHG Hotels & Resorts to bring Candlewood Suites to Iceland. It is a brand that blends the comforts of daily life with the conveniences of a hotel.”
ALVA Capital brings experience in hospitality and real estate, enabling IHG to extend its footprint in Iceland with a well-established local partner.
Amenities designed for extended stays
Candlewood Suites offers services tailored for long-term guests, including fully equipped kitchens, self-service laundry, gym access, weekly housekeeping, and workspace. The Candlewood Cupboard provides 24/7 access to snacks, drinks, and essentials.
The brand has nine additional properties planned in Northern Europe and joins IHG’s global portfolio of over 410 open and 192 pipeline Candlewood Suites hotels since its acquisition in 2004.
