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Home > Company Index > Leisure > Lodging > Scandic Hotels AB

Scandic Hotels AB
 PROFILE
When it's dark and cold six months out of the year, you'd better have a place to stay. Try Scandic Hotels, Scandinavia's largest hotel operator. The company operates nearly 155 mid-priced hotels in 10 countries, most of them in the Nordic countries of Denmark, Finland, Norway, and Sweden under the Scandic name. Most of its hotels in other European countries are operated in conjunction with Bass Hotels & Resorts under the Holiday Inn name. Scandic leases its hotel properties on a turnover basis -- the more profitable the hotel, the higher the lease paid to the property owner. The UK's Hilton Group bought the company in 2001 and plans to convert about 50 Scandic hotels into Hiltons.

 COMPETITION
Accor (AC)
Best Western International Inc. (dossier)
Scandinavian Airlines System (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 634.10
1-Yr. Sales Growth: 1.6%
Employees: 7,352
Revenue per employee: $86,248.64

 KEY PEOPLE
• Roland Nilsson
    CEO
• Fredrik Sandelin
    CFO

 CONTACT INFO
Box 6197
SE-102 33 Stockholm, Sweden
Phone: 46-8-517-350-00
Fax: 46-8-517-352-80
Online: Web Site

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