• Scandic scoops Rica

Scandic Hotels has bought Scandinavian peer group Rica Hotels. The acquisition gives Scandic 72 more hotels and means it now has national coverage across Norway.

As a result of the takeover, Scandic’s portfolio now numbers 223 hotels of which the majority are in Sweden, Norway, Denmark and Finland. Sellers the Rivelsrud family will retain the freeholds of 20 Rica properties.
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