OM:SHOTHospitality
Is Scandic Hotels Group’s (OM:SHOT) Tromsø Mixed-Use Lease a Template for Capital-Light Expansion?
Scandic Hotels Group has announced plans to open a second Scandic Go hotel in Norway, a 170-room property in a new mixed-use building in central Tromsø under a long-term lease with Nordlyskvartalet AS, with construction scheduled to start after summer 2026 and opening expected in 2028.
This project will make Tromsø the first non-capital city to host all three of Scandic’s brands and further embeds the company’s Nordicwan Ecolabel-focused approach to hotel operations, including the use of...