Source: Scandic

Scandic Hotels, the largest hotel operator in the Nordic countries, will open a new hotel in 2018 – Scandic Portalen – at Norway's largest congress center, Norway Trade Fairs, in Lilleström. Lilleström is one of Norway's most important hubs for business travel and the only stop on the train line between the airport and Oslo Central Station.

The new 12-storey hotel, which will be located at the train station in Lilleström, will be the tallest building in the area. It will offer 220 hotel rooms and 500 m2 of meeting and conference facilities. The hotel is expected to be finished in January 2018.

"With its strategic location at one of Norway's most important hubs for business travelers and the largest exhibition center in the country, Scandic Portalen will be a valuable addition to our Norwegian hotel portfolio," says Frank Fiskers, President & CEO of Scandic Hotels.

"I am extremely pleased that Scandic will operate a hotel at Norway Trade Fairs and I am convinced that the hotel will be extremely important to Lilleström as a destination. Its location at Norway's biggest congress center is excellent and Scandic will help reinforce Lilleström as a trade fair destination at the same time as exhibitions will drive business to the hotel," says Arne Baumann, Executive Vice President Commercial Property of OBOS.

Lilleström is located 20 km from Oslo and it is the only stop on the Flygtoget train line between the airport and Oslo's Central Station. The Portalen area is the most important hub for business travel in the region. In addition to the new hotel, the area will include apartments as well as office and retail space.

The owner and developer of the property is OBOS, Norway's largest mutually owned property management company and developer of residential and commercial properties. Veidekke has been chosen as the construction company for the project.

Scandic is the Nordic region's market leading hotel operator with approximately 42,000 hotel rooms, of which 14,300 are in Norway.

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels and 58,000 hotel rooms in operation and under development at more than 130 destinations. The company is leading the way in integrating sustainability in all areas and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and Scandic is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm.

www.scandichotelsgroup.com

Ann-Charlotte Johansson
VP Group Communication & IR, Scandic Hotels
+46 721 80 22 44
Scandic