Scandic has a well-invested, attractive, and growing hotel portfolio. With presence at close to 130 locations, Scandic is clearly the leading hotel company in the Nordic region. We operate our hotels with long-term leases that are usually variable based on the hotel’s revenue. Responsibility for investments is clearly regulated in the lease agreements. In general, Scandic is responsible for furniture, fixtures, and equipment while the property owner has responsibility for the building as well as technical installations and bathrooms. Accordingly, the property owner has responsibility for most investments made in a hotel.
At the end of March 2023, Scandic had more than 56,059 hotel rooms in operation at 270 hotels in six countries, of which 249 were operated under lease agreements. Additionally, Scandic had 1,524 rooms at five hotels in its net signed pipeline.
Scandic’s portfolio, which has the largest geographic reach in the Nordic countries, includes hotels that are centrally located in larger cities as well as in business centers and airports, beside major highways or in beautiful natural settings. The hotels vary in design depending on the location and type of hotel – but Scandic’s popular standard offering is always the same everywhere.
Number of hotels in operation and in pipeline
|Hotels||of which with Lease contracts||Rooms||of which with Lease contracts||Hotels|
(incl. new hotels and planned exits)
|Change during the quarter||-1||-1||228||228||-3||-549|