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Scandic Bags 72 New Hotels With Acquisition Of Rival Rica

By Natalie Rodriguez ( February 11, 2014, 1:08 PM EST) -- After months of secret negotiations dubbed "Project Snowfall," Sweden-based Scandic Hotels AB has struck a deal to purchase rival hotelier Rica Hotels AS and add 72 of Rica's hotels to its Nordic region portfolio, Scandic's president said Tuesday. . . .

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