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Scandic to Acquire Restel’s Hotel Portfolio in Finland for EUR 114.5 Million

Scandic Hotels | June 21, 2017

Scandic Hotels Group ("Scandic") has signed an agreement to acquire Restel's hotel operations in Finland. Through the acquisition, Scandic will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland. The transaction subject to regulatory approval. Today, Scandic has 230 hotels in operation and under development, 28 of which are in Finland. Restel's portfolio includes 43 hotels in Finland. Following the acquisition, Scandic will have a nationwide hotel coverage in Finland. – This is an important step forward for Scandic Hotels and one that will...

SiteMinder Books Restel as 20,000th Customer

SiteMinder | November 11, 2015

Dallas, US – 11 November 2015 – SiteMinder is pleased today to announce it has secured yet another property of hotel group Restel, the Rantasipi Tropiclandia, to continue its rapid success in the Europe region and increase its global customer base to 20,000. Restel is Finland's largest hotel and restaurant operator, with 47 hotels and more than 230 restaurants. Anni Kallioniemi, SVP Commercial at Restel, says, "By adopting SiteMinder's technology, our hotel has become much more visible to the thousands of travelers we know are searching for a destination that offers beautiful seaside accommodation with family attractions. "W...

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