Hotel portfolio
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 September 2022, Scandic had more than 55,900 hotel rooms in operation at 271 hotels in six countries, of which 250 were operated under lease agreements. Additionally, Scandic had more than 2,150 rooms at 7 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
Operational | Pipeline | |||||
| Hotels | of which with Lease contracts | Rooms | of which with Lease contracts | Hotels (incl. new hotels and planned exits) | Rooms | |
| Sweden | 89 | 83 | 18,900 | 18,108 | 1 | 360 |
|---|---|---|---|---|---|---|
| Norway | 84 | 70 | 16,297 | 14,460 | 2 | 570 |
| Finland | 62 | 62 | 13,016 | 13,016 | -1 | -181 |
| Denmark | 30 | 29 | 6,046 | 5,836 | 1 | 340 |
| Other Europe | 6 | 6 | 1,718 | 1,718 | 2 | 739 |
| Total | 271 | 250 | 55,977 | 53,138 | 5 | 1,828 |
| Change during the quarter | 1 | 1 | 405 | 405 | -1 | -353 |
Latest press releases
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February 2, 2023 13:15 CET
Invitation to presentation of Scandic’s year-end report 2022
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November 17, 2022 09:15 CET
Current affairs and commercial leadership in focus as Scandic develops future leaders
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November 9, 2022 10:30 CET
Thérèse Cedercreutz new Chief Commercial Officer at Scandic Hotels
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October 28, 2022 10:00 CEST
Nomination committee for Scandic’s AGM 2023 appointed
Scandic on Instagram
About Scandic
Scandic is the largest Nordic hotel operator with a network of about 280 hotels with 58,000 hotel rooms in operation and under development in six countries. Scandic Friends is the biggest loyalty program in the Nordic hotel sector. Corporate responsibility has always been a part of Scandic’s DNA. Since December 2, 2015, Scandic has been listed on Nasdaq Stockholm. Read more about Scandic
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