news
PRESSTOPPRESSTOP
IMEX in Frankfurt 2021
is cancelled.
hotel news Sweden
Scandic Arlandastad opens its doors
with Scandinavian XPO international meeting and event center as its neighbors.
hotel news
Built in a former prison
Hotel Kakola boasts a fascinating history.
creative new offering
Hybrid City Alliance
recognises growth in multi-hub meetings and conferences.
World Economic Forum
Special Annual Meeting 2021
to Take Place in Singapore in May.
For 85 properties
Radisson Hotel Group
signs Multi-Year Tecknology Agreement with Cvent to Drive Transient Business Growth.
45 properties
Radisson Hotel Group
strengthens its extended stay value.
boost your business
Seoul Convention Bureau:
MICE will stand for “Meet Innovatively with Cooperative Energy.”
Earthquakes creating meetings
Milan to host World Conference on Earthquake Engineering (WCEE) in 2024
AIM Group, the congress organiser, was one of the promoters of the candidacy.
2-5 September in Madrid
BestCities succeeds
in helping associations future-proof and drive positive change via first ever ‘Hybrid’ Global Forum.
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.