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Scandic is hailed as the Nordic region’s largest hotel company with around 280 hotels in operation and under development Scandic is hailed as the Nordic region’s largest hotel company with around 280 hotels in operation and under development

Scandic Hotels Completes Restel’s Hotel Rebranding

Scandic Hotels completed rebranding Restel's former Cumulus hotels to the Scandic-brand.

The process started in February, with Scandic rebranding an average of three hotels a week.

Scandic in December 2017 acquired Restel’s hotel operations with 43 hotels and around 7,600 rooms, most operating under the Cumulus brand.

According to the company, the acquisition made Scandic the market leader in Finland’s hotel industry and gave it a considerably stronger position in the growing leisure segment.

Even Frydenberg, CEO, Scandic Hotels Group, elaborated, “We now have a strong presence in Finland, which during the first quarter accounted for a quarter of Scandic’s net sales […] We estimate that the acquired hotels will start contributing positively to Scandic’s earnings before interest, taxes, depreciation, and amortisation during the second quarter.”