Powerful solo run after Hilton chapter
Scandic's expansion Europe - in an unobtrusive way
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Hilton to sell Scandic for 833 million Euro
London. Hilton Hotels Corporation announced the exchange of contracts to sell its Scandic Hotel chain to the private Equity Group EQT for approximately 833 million Euro. Net proceeds after transaction costs and taxes are expected to be approximately 1.04 billion USD.
572 room Scandic for Berlin
Berlin. Scandic and Danish real estate developer Schaumann Properties A/S have entered into a partnership that will develop a new hotel with 572 rooms located at Potsdamer Platz in Berlin. The hotel marks the first serious step on Scandics new international growth strategy and is expected to open in February 2010.