Hotel operator Scandic Hotels has signed an agreement to sell its hotel operations in
The operation of the hotel, which has 141 rooms, will be transferred to the buyer on November 1. The sales price is SEK 10 million and the transaction is not expected to have any significant impact on earnings, according to a press release.
The background to the sale is that the Finnish Competition Authority's approval of Scandic's acquisition of Restel was subject to the condition that Scandic divest one hotel in Pori, one in Kuopio and one in Lahti.
On June 20, the sale of Cumulus Pori in Pori was announced and Scandic has begun a process to divest Scandic Lahti.
Source: finwire
