Scandic Hotels Group completes 500 million euro acquisition

Scandic Hotels Group has completed the acquisition of Dalata Hotel Group’s hotel operations for 500 million euros. The deal includes 57 hotels with approximately 12,500 rooms, plus a pipeline of roughly 1,600 additional rooms.

Through this acquisition, Scandic adds the Clayton Hotels and Maldron Hotels brands to its portfolio, significantly strengthening its presence in Ireland and the United Kingdom. The acquired operations are scheduled to be consolidated into Scandic’s “Other Europe” segment starting November 2, 2026. The transaction was financed using cash, cash equivalents, and loan facilities under a long-term financing framework.

Separately, Scandic Hotels Group announced plans to open a new 320-room hotel in Stockholm’s Globen area by 2028. The project involves converting an existing office building into a hotel through a long-term lease agreement with Corem Property Group. The new location will feature meeting facilities, a wellness area, and a restaurant, targeting visitors to nearby venues such as the Avicii Arena.