Scandic Hotels Group Completes Acquisition of Dalata’s Hotel Operations
The acquisition comprises 57 hotels with around 12,500 rooms as well as a pipeline of around 1,600 additional rooms.
Scandic paid EUR 500 million for Dalata's 57 hotels and 12,500 rooms, adding Clayton Hotels and Maldron Hotels brands in Ireland and the UK to reach 320+ hotels across 11 markets.
Photo by Scandic
Today, Scandic Hotels Group AB (publ) (“Scandic”) completed the acquisition of the hotel operations of Dalata Hotel Group (“Dalata”). The acquisition comprises 57 hotels with around 12,500 rooms as well as a pipeline of around 1,600 additional rooms.
Upon closing of the acquisition, Scandic paid the purchase price of EUR 500 million on a cash and debt-free basis. The acquisition was financed with cash and cash equivalents as well as loan facilities under the long-term financing framework announced by Scandic in July 2026. The acquired hotel operations will be consolidated into Scandic’s financial reporting under the “Other Europe” segment as of November 2, 2026.
This marks an important step in Scandic’s growth journey. Having previously been engaged by Pandox to manage the hotel operations, we have gained greater confidence in the potential of the business. Dalata’s strong market position and attractive hotel portfolio are a strong complement to our business. I am pleased to welcome Dalata’s employees to Scandic and look forward to working together to build on the strengths of both companies. We are creating a stronger European hotel platform with broader reach and an even stronger foundation for creating long-term value for our guests, employees and shareholders.
Jens Mathiesen, President and CEO of Scandic
The acquisition strengthens Scandic’s position as a leading hotel company in northern Europe, with more than 320 hotels in 150 destinations across 11 markets. The brand portfolio is expanding to include the well-known and popular Clayton Hotels and Maldron Hotels brands, which hold established positions in Ireland and the UK, two of Europe’s most attractive hotel markets.
More information about the acquisition, including pro forma financial information, will be presented in connection with Scandic’s interim report for the third quarter of 2026, which will be published on November 10, 2026.
Previously published relevant information is available in Scandic’s press releases dated July 15, 2025 and November 7, 2025.
About Scandic Hotels Group
Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels and 58,000 hotel rooms in operation and under development at more than 130 destinations. The company is leading the way in integrating sustainability in all areas 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 Scandic is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm.
About Dalata
Dalata Hotel Group plc is a leading hotel operator backed by €1.7bn in hotel assets primarily in Ireland and the UK. Established in 2007, Dalata has become Ireland's largest hotel operator with an ambitious growth strategy to expand its portfolio further in excellent locations in select, large cities in the UK and Continental Europe. The Group's portfolio comprises a mix of owned and leased hotels with 56 primarily four-star hotels operating through its two main brands, Clayton and Maldron Hotels, with 12,150 rooms and a pipeline of over 870 rooms. For the six-month period ended 30 June 2024, Dalata reported revenue of €302 million, basic earnings per share of 16.0 cent and Free Cashflow per Share of 21.5 cent. Dalata is listed on the Main Market of Euronext Dublin (DHG) and the London Stock Exchange (DAL). For further information visit: www.dalatahotelgroup.com.