Scandic Hotels
 |
|
| Subsidiary | |
| Industry | Hospitality |
| Founded | 1963 (as Esso Motor Hotel) |
| Headquarters | , Sweden |
|
Area served
|
Nordics Belgium Germany Poland |
|
Key people
|
Frank Fiskers, President and CEO |
| Products | Hotels |
| Revenue |
 SEK 10,826 million (2014)
|
|
SEK 951 million (2014)
|
|
| 9,853 (2014) | |
| Parent | Hilton Worldwide (2001–2007) EQT Partners (2007–present) |
| Website | scandichotels.com |
Scandic Hotels is a hotel chain headquartered in , Sweden, with its main operations in the Nordic countries. Alongside hotels in Sweden, Norway, Finland and Denmark, the company also has a presence in Belgium, Germany and Poland. It is owned by EQT Partners.
The first hotel in what was later to become the Scandic chain was the Esso Motor Hotel in Laxå in the province of Närke, central Sweden. Opened in 1963, it capitalized on the increase in car travel, both for business and pleasure – the motel was a novel concept for Europe at the time. The chain grew to 59 hotels Europewide by 1972, when Esso sold the non-Scandinavian hotels. The remaining 32 hotels, five of them in Norway and Denmark, formed the largest hotel chain in its native Sweden in 1973.
In 1983, the company was sold to a Swedish consortium headed by Ratos and the following year, it was named Scandic Hotels. Ratos became sole owner in 1985, and a year later, the first hotel outside Scandinavia opened in Koblenz, Germany.
The business was negatively impacted by the 1990/91 Gulf Crisis, and company management was replaced in 1992. In 1996, the group acquired Reso Hotels and became a publicly traded company on the . Two years later, the Arctia Hotels group in Finland followed, giving Scandic a presence in all the Nordic countries, and in 1999, the group expanded into Estonia.
In 2001, Scandic was acquired by the London-based Hilton Group. The hotel chain changed ownership again in 2007, this time bought by Swedish private equity firm EQT for EUR 833 million.
As of 6 June 2013, the company employs 7,500 people and operates around 160 hotels with 30,000 guest rooms. Operating result (EBITDA) for 2012 amounted to EUR 923 million.
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