This is a theatre in Copenhagen. It lies on Axeltorv, and was painted the bright colors back in 1989. This picture was taken in mid-July 2016, when the theatre was a bright place to aim for to get to our hotel nearby.
It’s also near the Tivoli and Rådhuspladsen (City Hall Square), so pretty central if those are the things you’ve chosen a hotel or place to live from.
As far as I can understand, there might be plans for the theatre to be demolished, but I don’t think anything is set in stone yet. But if you want to see a movie there, maybe check before going.