Scandic Hotels Group has signed an agreement to acquire Restel’s hotel operations in Finland for EUR 114.5 million in cash. 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 is subject to regulatory approval.

Our team included Juha Lindström,  Jesper Kostiainen, Erkko Korhonen, Tuuli Pikkarainen, Ninja Heikkilä, Emilia Uusitalo, Karoliina Koto, Heini Salonen, Janne Veneranta, Tapani Manninen and Anette Laulajainen.