Scandic has signed a long-term, revenue-based lease agreement with landlord Pandox to take over a hotel in Nuremberg, Germany, during the first quarter 2024. The hotel is strategically located near the city’s historic district and central station, making it an ideal choice for both business and leisure travelers. Here are some key details about the new hotel:
- It will offer 311 rooms and event facilities for up to 850 people.
- Shared spaces will include a restaurant, a bar, a gym, and a wellness area.
- Pandox recently carried out a major renovation of the hotel, which reopened in 2023.
Why Nuremberg?
The greater Nuremberg area is the second largest metropolitan region in Bavaria with approximately 1.3 million inhabitants. In recent years, the region has experienced significant growth and has become home to several international technology and innovation companies. This has led to an increase in demand from both business travelers and those attending meetings or conferences.
Nuremberg also attracts a growing number of leisure travelers who are interested in exploring the city’s rich cultural heritage and attending major events that take place nearby.
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Focus on German Market Expansion
This move is part of Scandic’s ongoing efforts to expand its presence in the German market. The company sees great potential in this location due to its strategic positioning and the recent renovation that has brought the property up to standard.
Jens Mathiesen, President & CEO of Scandic Hotels Group, expressed his excitement about this opportunity:
“This is another step in our focus on expanding in the German market. The takeover is an excellent growth opportunity thanks to the hotel’s strategic location and recent renovation to the property that will meet the rising demand in the corporate and leisure segments. I am also extremely happy that we are continuing to extend our well-established and long-term cooperation with our largest landlord, Pandox.”
Michel Schutzbach, Head of Europe at Scandic Hotels, also shared his enthusiasm for this expansion:
“It’s fantastic that we’re continuing to expand in Germany and strengthening Scandic’s position in the European hotel market. The hotel is an excellent addition to our portfolio that will solidify our offering for business travelers looking to arrange larger meetings and events. Together with my colleagues, I look forward to opening Scandic’s first hotel in Nuremberg, a city that has become an important financial center and that is investing in and building for the future.”
Commitment to Sustainability
During the renovation process, Pandox made sure to prioritize both technical improvements and sustainability-related investments. This aligns with Scandic’s commitment to environmental responsibility.
Earlier in 2023, the Nordic Swan Ecolabel was launched in Germany. This official ecolabel of the Nordic region signifies a product or service’s high environmental standards. As a result, Scandic’s German hotels can now begin their journey toward Nordic Swan Ecolabel certification.
After taking over the new hotel in Nuremberg, Scandic plans to have its operations certified by the Nordic Swan Ecolabel as well.
Looking Ahead
The new hotel will operate under the Scandic brand, further strengthening its presence in Germany. With this addition, Scandic will operate a total of seven hotels in the country, offering 2,461 rooms in total.
As the opening date approaches, both Scandic executives and potential guests eagerly anticipate the arrival of this new establishment in Nure
