New Pandox deal, Scandic/Restel approved
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Scandic acquires Restel
Stockholm. Scandic Hotels Group has signed an agreement to acquire Restel's hotel operations in Finland. Through the acquisition, Scandic will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland.
Pandox and Louvre securing their presence
Berlin. The euphoria of 2015 increases again in Germany towards the end of the year. The Scandinavian company Pandox has paid EUR 400 million for 18 Leonardo hotels. At the same time, Louvre Hotels Group has acquired the operating company and lease contracts in respect of 25 German Nordic Hotels.