Scandic Hotels is set to open its third property in Berlin – and its ninth in Germany – with plans to take over a vacant hotel in the city’s western downtown area.
The Swedish hotel group has signed a long-term lease agreement with investment firm AXA Investment Managers to take over the property, the second such agreement between the two companies following a 2024 deal for a hotel in Stuttgart.
The 214-room Berlin hotel will be fully renovated and, upon completion, will include meeting facilities, a restaurant, bar and fitness centre. The renovation works will include “technical and sustainability-related investments” and operations will be certified by the Nordic Swan Ecolabel, Scandic said in a statement.
The rebadged property…
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