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Scandic sells hotel in Estonia

Press releases   •   Feb 20, 2013 10:45 GMT

Scandic Palace Hotel in central Tallinn, Estonia, will be sold to a new property owner and hotel operator on 30 April 2013. The new owners are EfTEN Real Estate Fund and Vello Kunmans AS Esraven. This deal sees Scandic Hotels streamlining its business as the Nordic region’s biggest hotel operator.