Scandic has signed a long-term, revenue-based lease agreement with landlord Pandox to take over a hotel in Nuremberg, Germany, during the first quarter 2024. Strategically located near the city?s historic district and central station, the new hotel will offer 311 rooms and event facilities for up to 850 people. Shared spaces will include a restaurant, a bar, a gym and a wellness area.

Pandox recently carried out a major renovation of the hotel, which reopened in 2023. The greater Nuremberg area is the second largest metropolitan region in Bavaria with approximately 1.3 million inhabitants. The region has grown rapidly in recent years, and several international technology and innovation companies have been established in the area, increasing demand from the corporate and meeting segments.

Nuremberg is also attracting a growing number of leisure travelers who are drawn by the city?s rich cultural heritage and major events that have taken place in close proximity to the hotel.  During the renovation, Pandox also made technical and sustainability-related investments and upgrades to the property. Earlier in 2023, the Nordic Swan Ecolabel, the Nordic region?s official ecolabel, was launched in Germany. This means that Scandic?s German hotels can begin their journey toward Nordic Swan Ecolabel certification.

The operations of the new hotel will be certified by the Nordic Swan Ecolabel after the takeover. The new hotel will be operated under the Scandic brand. Following the takeover, Scandic will operate seven hotels in Germany with a total of 2,461 rooms.