Opened in 1963, it capitalized on the increase in car travel, both for business and pleasure – the motel was a novel concept for Europe at the time.

The hotel chain changed ownership again in 2007, this time bought by Swedish private equity firm EQT for EUR 833 million.

[7] In 2017, Scandic announced its buy-out of all 43 Restel hotels in Finland for 114.5 million euros, including those under the Cumulus and Holiday Inn brands.

[9] The low occupancy and reduced revenue during the year led to Scandic reporting a loss of just over six billion SEK for 2020.

[12] In recent years, Scandic has made efforts to advance sustainability, focusing on reducing carbon emissions, minimizing waste, and implementing environmentally friendly practices across its hotels.