Dalata acquisition

Scandic Hotels Group’s acquisition of Dalata Hotel Group's hotel operations represents an important step in the company’s growth journey. With Dalata's attractive hotel portfolio and well-established brands, Clayton Hotels and Maldron Hotels, Scandic expands into Ireland and the UK, two attractive hotel markets. The acquisition creates a stronger European platform with greater scale, broader market reach and opportunities to generate long-term value for guests, employees and shareholders. 

Transaction overview

• On 2 November 2026, Scandic acquired the hotel operations of Dalata from Pandox and Eiendomsspar. The purchase price amounted to EUR 500 million on a cash and debt-free basis and subject to closing adjustments. The acquisition was fully financed through cash and existing debt facilities.
• On 7 November 2025, Pandox and Eiendomsspar acquired Dalata. Following this, a management agreement took effect under which Scandic assumed operational responsibility for Dalata's hotels. A business restructuring was initiated to separate Dalata's property business from its hotel operations. The restructuring was completed in the second half of 2026.
• On 15 July 2025, Scandic entered into a framework agreement with Pandox AB and Eiendomsspar AS with the intention to acquire the hotel operations of Dalata.