Hilton and Scandic Hotels Group announced Monday a multi-year development agreement covering Sweden, Norway, Denmark, and Finland, with the first confirmed project a 284-room Hilton Hotels & Resorts property at Scanport Copenhagen Airport, scheduled to open in 2029.
For now, it is a framework rather than a pipeline. Beyond Copenhagen, no hotels have been named. The companies said further projects will be confirmed as opportunities arise.
The two companies have a history. Hilton acquired Scandic in 2001 and operated it until selling to EQT in 2007, a period that left three Helsinki hotels continuing to operate under Hilton franchise agreements.
How the Deal Is Structured
This new arrangement builds on that legacy but is structured differently. Rather than ownership, it is a capital-light franchise partnership in which Scandic will develop and operate the hotels and pay Hilton fees linked to room revenues.
In short, the model leave
Source: skift.com
