Scandic Hotels

Scandic Hotels is a prominent hotel chain founded in 1963 in Laxå, Sweden, initially operating as Esso Motor Hotel. It has grown to become the largest hotel company in the Nordic region, with a network of approximately 280 hotels and 58,000 rooms across six countries, including Sweden, Norway, Finland, Denmark, Germany, and Poland. The company is renowned for its strong focus on sustainability, with 96% of its hotels certified by the Nordic Swan Ecolabel. In 2007, Scandic Hotels was acquired by the Swedish private equity firm EQT Partners, which specializes in investments in the Nordic region and Europe. EQT Partners sold Scandic Hotels in 2017. The brand is headquartered in Stockholm, Sweden, and operates under the ownership of its current parent company, which is not specified in the available sources. Scandic Hotels is listed on Nasdaq Stockholm and continues to be a leading player in the Nordic hospitality industry, offering a range of accommodations and services to both business and leisure travelers.