Scandic Hotels is expanding its presence in Germany with the takeover of a vacant 214-room hotel in the western district of downtown Berlin. The company has signed a lease agreement with AXA Investment Managers and plans to fully renovate the property before opening in the third quarter of 2026.
Once operational, the new hotel will bring Scandic’s total room count in Berlin to 992 across three locations. The company currently operates two hotels in central Berlin and sees the German capital as a key market due to its steady demand from both leisure and business travelers.
“Berlin is an important market for Scandic, where the company already operates two hotels in central locations that attract leisure and corporate guests alike,” said Jens Mathiesen, president and CEO at Scandic Hotels Group. “Berlin’s status as a host city for major trade fairs, conferences and cultural events ensures year-round demand for accommodations. Expanding our collaboration with AXA Investment Managers gives both companies conditions to boost growth in the German market.”
The deal marks the second collaboration between Scandic and AXA Investment Managers, following an agreement signed in late 2024 for a hotel in Stuttgart.
The hotel is located near Kurfürstendamm, one of Berlin’s busiest shopping streets, and is close to major office complexes housing international businesses. Following renovations, the property will feature modern meeting facilities, a restaurant and bar, fitness center with a sauna and sustainability-focused upgrades.
The hotel will be environmentally certified under the Nordic Swan Ecolabel.
The hotel will operate under the Scandic brand. With the addition of this property, Scandic will operate nine hotels across Germany, totaling 2,849 rooms.
“This is in line with Scandic’s expansion strategy and our ambition to seize and drive growth opportunities in key markets that are attractive to us and our hotel guests,” said Jesper Engman, senior vice president portfolio development at Scandic Hotels Group. “We aim to become one of West Berlin’s most popular hotels for leisure and business travelers. It’s also about building long-term and successful partnerships, which is why it feels so positive to be expanding our collaboration with AXA Investment Managers.”
Among the large hotel companies in the Nordic countries, Scandic currently has a network of around 280 hotels totaling 58,000 rooms across over 130 destinations.
