Scandic continues to expand at select destinations in Germany and will take over a vacant 214-room hotel in the western district of downtown Berlin. The company has signed a lease agreement with AXA Investment Managers, and the hotel will be fully renovated and adapted to Scandic’s brand and operational standards. After the opening, Scandic will operate three hotels with 992 rooms in Berlin.
The hotel market in Berlin is one of the largest and most dynamic in Europe, with a strong focus on leisure and business travellers. Germany’s ever-increasing popularity as a tourist destination and its role as an essential hub for business and events make the country a key market for Scandic. The lease agreement is the second between Scandic and AXA Investment Managers. The first agreement was signed in the fall of 2024 for a hotel in central Stuttgart.
“Berlin is an important market for Scandic, where the company already operates two hotels in central locations that attract leisure and corporate guests alike. 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,” says Jens Mathiesen, President & CEO at Scandic Hotels Group.
The hotel is strategically located near Kurfürstendamm, Berlin’s most famous shopping street that attracts many visitors, and close to the city’s leading office complexes, which house major international companies. After the renovation, the hotel will offer modern meeting facilities, an attractive restaurant and beverage offering, and a fitness centre with a sauna. The hotel’s proximity to public transport will also make it convenient for travellers.
“This aligns with Scandic’s expansion strategy and our ambition to seize and drive growth opportunities in key attractive markets to us and our hotel guests. We aim to become one of West Berlin’s most popular hotels for leisure and business travellers. It’s also about building long-term and successful partnerships. This is why it feels so positive to be expanding our collaboration with AXA Investment Managers,” says Jesper Engman, Senior Vice President of Portfolio Development at Scandic Hotels Group.
The hotel is expected to open during the third quarter of 2026. During the renovation, technical and sustainability-related investments will be made in the property. The new hotel’s operations will be environmentally certified by the Nordic Swan Ecolabel, the official ecolabel of the Nordic countries. The new hotel will be operated under the Scandic brand, and following the takeover, Scandic will operate nine hotels in Germany with a total of 2,849 rooms.
