NEW YORK Scandic Hotels has surpassed its annual target of 10% growth, helped greatly by its acquisition of Provobis Hotel & Restauranger, which added some 3,000 rooms to the company s portfolio. A further 1,633 rooms are currently under construction or form part of agreements already finalized. To continue the pace of expansion, Scandic may consider the acquisition of hotel chains outside of the Nordic region. Priority markets include the Baltic States, Poland, Germany, the UK and the Benelux countries. (2/16/01) SOURCE:HVS International
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