Scandic Signs with Airaksinen Capital to Operate Former Kantarellis Hotel in Vasa, Finland

Scandic Hotels Group | April 26, 2016

STOCKHOLM--April 26, 2016--Scandic Hotels (STO:SHOT), the largest hotel company in the Nordic countries, has signed a long-term lease agreement with Airaksinen Capital to take over the operation of the former Kantarellis hotel in central Vasa from June 2016. The hotel, which has 68 rooms today, will be expanded to include close to 140 hotel rooms at the same time as the hotel's conference and congress facilities will be expanded. The expansion is expected to be finished at the end of 2017. In connection with the takeover, the name of the hotel will be changed to Scandic Vaasa. - Finland is an important growth market for Scandic and toda...