Scandic Hotels, the largest hotel company in the Nordic countries, has signed a long-term agreement with Norwegian Utstillingsplassen Eiendeom A/S to take over the Ambassadeur Hotel and the Globus Hotel in Drammen, Norway from January 2017.

The venerable Ambassadeur Hotel, which dates from the late 1800s, and the Globus Hotel are located on Strømsø square, just 50m from Drammen's train station. Following the takeover, the two hotels, which today are independent hotels, will undergo a complete renovation to be integrated into one hotel that will offer close to 300 rooms as well as 13 conference rooms along with restaurant and bar facilities.

– Drammen is one of Norway's fastest growing hotel markets. And the Ambassadeur Hotel is a classic hotel and a well-known element in the city. This takeover will further strengthen our position in the market, says Frank Fiskars, President and CEO of Scandic Hotels Group.

– With the Ambassadeur Hotel and the Globus Hotel, we will more than double our current room capacity in Drammen. The new hotel will be a valuable addition to our hotel portfolio, says Svein Arild Steen-Mevold, Head of Norway.

Drammen, which is Norway's fifth largest city, is 40km east of Oslo. It has a population of 63,000 people and 150,000 people in the region as a whole. Drammen is also the terminal station on the railway line to Oslo Airport.

Scandic will take over the operation of the hotel on January 1, 2017 and it will remain open during the renovation.

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels with 58,000 rooms 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 is listed on Nasdaq Stockholm. www.scandichotelsgroup.com

Ann-Charlotte Johansson
VP Group Communication & IR, Scandic Hotels
+46 721 80 22 44
Scandic