Scandic to take over portfolio of eight hotels in the Nordic countries
Scandic Hotels, the leading hotel company in the Nordic region, has signed an agreement with property owners Pandox and Eiendomsspar to take over the operation of eight hotels in Norway, Sweden and Denmark. The agreement entails greater cooperation between the parties and a strengthened position for Scandic Hotels in the Nordic markets. The agreement covers a total of 1,708 rooms of which 1,136 are in Norway, 357 in Stockholm and 215 in Copenhagen. Seven of the hotels are owned by Pandox and one is owned by Eiendomsspar. Pandox operates all of the hotels. The parties have agreed on long-