Scandic expanding in Germany – opening new hotel in Stuttgart ...Middle East

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Scandic expanding in Germany – opening new hotel in Stuttgart
source : hospitality net ( Middle East ) () 160
Scandic has signed a long-term, revenue-based lease agreement with property owner AXA Investment Managers to take over a 174-room hotel in central Stuttgart. The hotel will be renovated and adapted to Scandic’s brand and operational standards before the planned opening in the fourth quarter 2025. Stuttgart is one of Germany’s largest cities and serves as an important financial hub in Europe. The city is known for its strong automotive and technology industry as well as a growing startup scene. Stuttgart’s hotel market has enjoyed steady growth from increased tourism and demand from business travelers, and Scandic aims to establish a strong brand to attract people who are visiting the city fo

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