North Iceland Hotel Project Changes Hands Ahead of Launch

2026-02-16 - 09:38

Ownership of the planned Höfði Lodge near Grenivík has changed hands ahead of its anticipated opening this autumn, four years later than first scheduled. As reported by RÚV, the development company Ilidor Sarl has acquired the remaining shares in the hotel project located nearby Þengilhöfði mountain, becoming its sole owner. What's the Story? Ownership of Höfði Lodge on Þengilhöfði near Grenivík acquired by Ilidor Sarl; shares sold by Björgvin Björgvinsson and Jóhann Hafstein Hotel project launched in late 2020; opening scheduled for this autumn, four years later than originally planned Former shareholders now hold full ownership of Viking Heliskiing and Scanic Guide Photo: Cinquantecinq Hotel Opening Expected The shares in question were previously held by Björgvin Björgvinsson and Jóhann Hafstein, who had led the venture since its launch in late 2020. The hotel, marketed as a five-star property aimed at international guests, has faced delays and rising costs during construction. In a 2021 interview with the news agency, Björgvin said: “One of the most beautiful hotels in the country, if not the most beautiful, is being built here in Grenivík.” By last summer, the project was reported to be two years behind schedule, with Björgvin stating that the development had proved more complex than anticipated and had exceeded its original budget. Following the sale, Björgvin and Jóhann have taken full ownership of Viking Heliskiing and Scanic Guide, businesses they previously co-owned alongside Höfði Lodge. The hotel is currently expected to open later this year.