Scandic Hotels Group is set to broaden its presence in Germany with the upcoming launch of a new hotel in Nuremberg, slated for the first quarter of 2024.

This expansion follows a long-term lease agreement between Scandic and Pandox, marking an addition to Nuremberg's hospitality landscape.

The hotel will be positioned in close proximity to Nuremberg's district and central station and will boast 311 rooms. Concerning the amenities, there will be event facilities catering to gatherings of up to 850 people and shared spaces that will encompass a restaurant, a bar and a gym.

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 - Jens Mathiesen, President & CEO of Scandic Hotels Group.

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-Michel Schutzbach, Head of Europe at Scandic Hotels.

Following a renovation in 2023, facilitated by Pandox, the property has undergone some sustainability - focused changes. 

We are happy to welcome Scandic as tenant to our newly renovated and centrally located hotel property in Nuremberg. The lease agreement confirms our ability to create value by acquiring, developing and improving underperforming hotel properties in an international environment. It is also a good example of our model where we, through deep hotel knowledge and property expertise, transform hotel properties based on their unique characteristics. With the agreement, we have secured an important step in the property’s value journey, and we are looking forward to work with Scandic to further increase the value of both the hotel product and the hotel property - Liia Nõu, CEO of Pandox.