The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hotel / Restaurants Accommodation And Food Service Activities Accommodation 55.1 - Hotels and similar accommodation
120 jobs Number of planned job creations
Announcement Date
14 June 2007
Employment effect (start)
Foreseen end date
9 December 2007
Description
Established in 2003 Nordic Hotels is a hotel chain which aims to develop and operate hotels primarily in the capitals of the Baltic countries under lease and/or management agreement. Currently the chain is operating one hotel (Nordic Hotel Skåne) in Tallinn, in Estonia, where 11 people are employed. In December 2007 another hotel will be opened in Tallinn and 120 employees will be hired to work in the 267-room 4-star business and conference hotel. The chain’s future plans also include opening two hotels in Riga, in Latvia, in 2007 and 2008.
Sources
14 June 2007: Aripaev
14 June 2007: Eesti Päevaleht
Citation
Eurofound (2007), Nordic Hotels, Business expansion in Estonia, factsheet number 65489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65489.
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