Scandinavian leaving fine hostel (3)
I believe the answer is:
inn
'hostel' is the definition.
('inn' can be a synonym of 'hostel')
'scandinavian leaving fine' is the wordplay.
'scandinavian' becomes 'finn' (I've seen this before).
'leaving' indicates named letters should be taken away.
'fine' becomes 'f' (abbreviation).
'finn' with 'f' removed is 'INN'.
(Other definitions for inn that I've seen before include "Hostelry, tavern" , "place to stay" , "pubs?" , "Resting place" , "Country pub, often with accommodation" .)