Scandic Hotels Group AB Expands with Framework Agreement for Dalata Acquisition

Scandic Hotels Group AB, a prominent player in the Nordic hotel industry, has entered into a strategic framework agreement with Pandox AB and Eiendomsspar AS. This agreement aims to acquire the hotel operations of Dalata Hotel Group Plc, marking a significant expansion for Scandic. The acquisition is valued at approximately 15.7 billion SEK (1.4 billion EUR), as reported by multiple sources including Avanza and Cision.

The deal involves a portfolio of 56 hotel operations, including 31 properties with ownership or long-term lease rights, 22 hotels under lease agreements, and 3 hotels managed under management contracts across Ireland, the UK, Germany, and the Netherlands. Pandox Ireland Tuck Limited, the acquiring entity, will be owned 91.5% by Pandox and 8.5% by Eiendomsspar, which is also the largest shareholder in Pandox.

Dalata’s board has expressed its intention to unanimously accept the offer, indicating a smooth transition in the acquisition process. This move is expected to significantly bolster Scandic’s presence in the European market, complementing its existing operations primarily in the Nordic region.

Financial Outlook and Recent Performance

In anticipation of its upcoming financial report, Scandic Hotels Group AB is expected to present a profit of 1.83 SEK per share for the latest quarter, a slight increase from 1.71 SEK per share in the same quarter of the previous year. Analysts predict a modest revenue of 5.87 billion SEK, reflecting a marginal growth of 0.05% compared to the previous year’s quarter.

Looking ahead, analysts project a full-year profit of 5.47 SEK per share, up from 3.43 SEK per share in the prior year. This optimistic outlook underscores Scandic’s strategic initiatives and market positioning.

Market Position and Valuation

As of July 13, 2025, Scandic’s stock closed at 84.7 SEK, with a 52-week high of 89.6 SEK and a low of 56.1 SEK. The company’s market capitalization stands at 18.29 billion SEK, with a price-to-earnings ratio of 24.62. Listed on the Swedish Stock Exchange, Scandic continues to be a key player in the Consumer Discretionary sector, specifically within the Hotels, Restaurants & Leisure industry.

This acquisition and the anticipated financial results highlight Scandic’s strategic growth initiatives and its commitment to expanding its footprint in the European hospitality market.