Scandic has signed a long-term, revenue-based lease agreement with landlord
The greater Nuremberg area is the second largest metropolitan region in
- This is another step in our focus on expanding in the German market. The takeover is an excellent growth opportunity thanks to the hotel's strategic location and recent renovation to the property that will meet the rising demand in the corporate and leisure segments. I am also extremely happy that we are continuing to extend our well-established and long-term cooperation with our largest landlord,
- It's fantastic that we're continuing to expand in
During the renovation,
- We are happy to welcome Scandic as tenant to our newly renovated and centrally located hotel property in Nuremberg. The lease agreement confirms our ability to create value by acquiring, developing and improving underperforming hotel properties in an international environment. It is also a good example of our model where we, through deep hotel knowledge and property expertise, transform hotel properties based on their unique characteristics. With the agreement, we have secured an important step in the property's value journey, and we are looking forward to work with Scandic to further increase the value of both the hotel product and the hotel property, says Liia Nõu, CEO of
The new hotel will be operated under the Scandic brand. Following the takeover, Scandic will operate seven hotels in
For more information, please contact:
Email: oscar.brehmer@scandichotels.com
Phone: +46 721 709 297
Email: rasmus.blomqvist@scandichotels.com
Phone: +46 702 335 367
About
Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels and 58,000 hotel rooms in operation and under development at more than 130 destinations. The company is leading the way in integrating sustainability in all areas and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and Scandic is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm.www.scandichotelsgroup.com
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