Scandic assumes responsibility of Dalata’s hotel operations under management agreement

Under the management agreement, Scandic undertakes the supervision and management of the operations of all 56 Dalata hotels, corresponding to approximately 12,000 rooms. Dalata’s existing management team will continue to lead the day-to-day operations with the support from Scandic representatives. Scandic will be paid a quarterly management fee representing 4% of all revenues derived from operating the Dalata hotels from 7 November 2025 up until completion of the carve-out process and Scandic’s intended acquisition of the hotel operations.

“Today marks an important milestone in the transaction as we add a well-managed portfolio of 56 hotels with strong brands across Ireland and the UK, giving us leading and established positions in two of Europe’s most attractive hotel markets. As we have communicated, the transaction is expected to be clearly value-accretive, both through the management agreement and, even more so, once the acquisition is completed. I look forward to working together with the Dalata team to support the continued success and continuity of the business,” says Jens Mathiesen, President and CEO of Scandic.

Upon completion of the carve-out process and Scandic’s intended acquisiton of the hotel operations, Scandic would pay an anticipated price of EUR 500 million subject to completion adjustments, corresponding to an estimated enterprice value (EV) of approximately 6 times Adjusted EBITDA for 2024. The purchase price would be fully financed from available cash and debt facilities.

Further details on the transaction can be found in Scandic’s earnings presentation from 20 October 2025, and in the press release and earnings materials published on 15 July 2025.

For more information, please contact:

Rasmus Blomqvist, Director Investor Relations, Scandic Hotels Group
Email: [email protected]
Phone: +46 702 335 367