Scandic has secured a new long-term financing framework totalling €690 million (SEK 7.5 billion). The financing supports the firm’s growth strategy, including the planned acquisition of Dalata Hotel Group.
The new financing agreement came into effect on July 2 and has a term of three years, with the option to extend it for an additional two years.
The participation of seven lenders may also be viewed as a positive signal for lender appetite towards established hotel operating platforms. The financing is being provided by a syndicate of banks comprising DNB, Nordea, Allied Irish Banks (AIB), Barclays, NatWest, Swedbank and Swedish Export Credit Corporation..
In November 2025, Scandic took over operational responsibility for Dalata's hotel operations after Pandox and Eiendomsspar completed their acquisition of the Irish hotel group. A restructuring process to separate Dalata's property assets from its operating business remains underway.
What they said
Pär Christiansen, chief financial officer at Scandic Hotels Group, said: "Scandic has a strong financial position and a clear growth strategy. This new long-term financing framework provides significant flexibility to support our continued expansion, including the planned acquisition of Dalata. We are also pleased to further strengthen our banking group with additional relationship banks that combine broad international reach with strong local expertise across Scandic's markets.”