Key Metrics
13.85
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-11-10
Key Impacts
Positive Impacts (6)
Event Overview
The acquisition of Dalata by Pandox leads to a management agreement with Scandic. This arrangement reflects strategic business transitions and operational integration, highlighting the consolidation in the hospitality industry. The deal involves a significant number of hotel rooms and emphasizes the role of management agreements in facilitating corporate acquisitions.
Collect Records
Scandic to Manage Dalata's 56 Hotels Post Pandox Acquisition
Pandox AB (publ) has acquired Dala Hotel Group plc, and Scandic has entered into a management agreement to operate Dalata's 56 hotels, which total about 12,000 rooms. The management agreement will start on November 7, 2025, and continue until the completion of a carveout process and Scandic's intended acquisition of the hotel operations. Scandic will receive a quarterly fee of 4% of the revenues from these hotels. Dalata's current management will handle daily operations with support from Scandic. The acquisition of Scandic's hotel operations is expected to finalize post-carveout, with an estimated purchase price of €500 million, subject to adjustments. This price represents about six times the estimated 2024 EBITDA. Scandic plans to finance the acquisition through available cash and debt.