news
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.

Spain ‘to suffer 500 hotel closures’
due to Thomas Cook failure.
Safety & Security
Viparis:
a two-time winner at the annual Safety Awards.
May 27-30, 2020
Italian Exhibition Group:
Finalized the purchase of Firmast.
DAIS
Real Madrid manager Zinedine Zidane,
and Clarence Seedorf to speak at AI conference in Dubai.
Award Winning
Gothenburg
is The European Capital of Smart Tourism 2020.
meetings means business
Vilnius wins bid
to host European physicists’ conference.

Thailand Convention and Exhibition Bureau
launches four economic corridor projects.
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.