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Two new 25 year hotel leases were extended, alongside substantial renovations of landmark Radisson Blu hotels in Stockholm and Oslo.

The Rezidor Hotel Group announced the long-term lease agreements of two hotels that are critical to the group's Scandinavian heritage and identity: Radisson Blu Royal Viking Hotel, Stockholm and Radisson Blu Scandinavia, Oslo, Norway.

Both hotels are owned by KLP Eiendom, which also has three other Rezidor hotels.

Philippe Dejonghe, senior vice president, asset management, The Rezidor Hotel Group, commented, "[…] We are pleased to announce two lease extensions at these strategic locations that will help to drive the future success of our business and help us further solidify our leading position as the international hotel operator in the Nordics."