07 July 2026
07 July 2026
Global hotel chains continue to strengthen their market position by expanding franchise networks, investing in loyalty programmes, and using technology to reach more travellers.
The River North hotel's repositioning aligns with the framework introduced in September 2025.
The 34-room property forms part of the group’s luxury and lifestyle portfolio.
The financing strengthens Scandic's financial flexibility and supports its growth plans.
The 464-room hotel is slated to begin operations in 2031.
The 284 keys hotel is located within the Sunshine Central mixed-use development in Ayer Itam.
Amenities at the new property will include a swimming pool, spa and fitness centre, and a kids' club for families.
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