news
the winner
The Convention Centre Dublin did it again
won the award for World’s Leading Meetings & Conference Centre
development
Singapore chosen as host city for the inaugural
IBTM Asia Pacific in 2020.

Convene challenges technology events
to set up In Baltic Region.
Town Square Park
Dubai mega project
to hit major milestone today Friday.
FIFA WORLD CUP 2022
Hamad International Airport
unveils expansion plan.
19-21 november
IBTM World 2019
announces brand new speaker showcase and final keynote double bill.
UNiversities means meetings
Abu Dhabi
launches worlds first university of artificial intelligence.
Hotel News
Scandic
to open central Helsinki’s largest conference hotel.
flight news
Flybe
to become Virgin Connect.
sustainability
Lapland Airports
receive international climate certification.
RSS
rss_icon
Links
Scandic signs agreement to sell Scandic Hasselbacken in Stockholm

Today, Scandic signed an agreement for the sale of Scandic Hasselbacken in Stockholm. The selling price amounts to around 230 MSEK on a debt-free basis. The transaction is expected to result in a capital gain of approximately 180 MSEK for Scandic. The new owners will take over the operation of the hotel on March 1, 2019.

Scandic Hasselbacken, which is located on Stockholm’s Djurgården island, has 113 rooms and has been operated by Scandic since 1992. The buyer is Pop House AB which among other things also operates the nearby ABBA The Museum and Pop House Hotel including its restaurant and bar. Pop House AB also recently acquired the historic Cirkus theater complex located beside Scandic Hasselbacken.

"We’re very happy to have reached an agreement, and we’re certain that Pop House AB will be successful in further developing the hotel with their other operations nearby", says Peter Jangbratt, Head of Scandic Hotels Sweden.

"Scandic Hasselbacken has a unique location near the new owner’s other operations, and as we hand over the operations of the hotel, we are convinced that it will play an important role in their concept", says President & CEO of Scandic Hotels Group.

In 2018, Scandic Hasselbacken contributed approximately 90 MSEK to Scandic’s net sales and 10.5 MSEK to its adjusted EBITDA. The sale will be recognized in the first quarter 2019.