Scandic is filling in another blank on its map of Sweden with further expansion in Stockholm. On 1 February 2009, the well-respected hotel Foresta on the island of Lidingö will be joining the Scandic chain.

Scandic is continuing its aggressive expansion strategy, part of which focuses on growth areas and further strengthening its Nordic presence. With the Foresta hotel on Lidingö becoming Scandic's 20th hotel in Greater Stockholm on 1 February 2009, we are taking another step in line with this strategy.

"The hotel is a welcome addition to our city portfolio, with its unique location on Lidingö, overlooking the seaward approach to Stockholm. It is a renowned and respected conference hotel, which will benefit from strong marketing through our well-established channels," comments Scandic's President and CEO, Frank Fiskers.

Scandic has signed a lease with the property owner, Förvaltnings AB Foresta. The new Scandic Foresta will have 95 guest rooms, 7 conference rooms and a restaurant.

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with more than 280 hotels, in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region. Scandic Hotels is listed on Nasdaq Stockholm. www.scandichotelsgroup.com

Jessica Agert
Media Relations Manager
+46 8 517 350 13
Scandic