Scandinavia: Scandic Acquires Rica Hotels; 72 New Hotels in Norway and Sweden

Scandic has entered into an agreement to acquire Rica Hotels, adding 72 hotels to its existing portfolio. In Norway alone, Scandic’s coverage will be increased by 65 hotels, thus becoming a nationwide chain.

Acquiring Rica Hotels marks an important milestone in the development of the Scandic group, which has implemented a number of measures in recent years to strengthen its offering across the Nordic region.

“With the acquisition of Rica, we will rise to a new level in the Nordic hotel sector,” said Frank Fiskers, President & CEO of Scandic. “We will strengthen our portfolio with 72 highly regarded Rica hotels in attractive locations, and our guests will soon be able to choose from 223 hotels throughout the Nordic region. We expect to host 25,000 guests every single day, and 13,000 skilled and motivated team members will do their very best to give our guests a pleasant and memorable stay.”