The property, which was built in 1885, is Bergen’s oldest hotel. As part of the acquisition, which will come into effect on 1 September 2016, the property will be overhauled with a major renovation programme.
The hotel will remain open during the renovation, which is scheduled for completion by autumn 2017. The hotel area is projected to be 20,000msq with 390 rooms and extensive dining and meeting facilities. Following the works, the hotel is slated to be Bergen's largest.
Frank Fiskers, president & CEO of Scandic Hotels, said: "The classic Bergen hotel will have a unique and prominent position in our hotel portfolio. By significantly upgrading and transforming the hotel and coupling it with our popular and strong customer offering, our vision is to firmly re-establish Hotel Norge as the flagship hotel it once was."