The Icelandair Group has announced that it has acquired local property management firm Hljómalindarreitur ehf. The value of the transaction was not disclosed but will increase the value of the Group's asset portfolio by ISK4.5 billion (USD39.5 million).

Icelandair Hotels leases buildings at 26-34 Hverfisgata and 4 Smiðjustígur in Reykjavik from Hljómalindarreitur. The properties are currently used for Canopy by Hilton Reykjavik.