Pandox AB (publ) plans to acquire Silken Berlaymont in Brussels for MEUR 32.7
Pandox plans to acquire Silken Berlaymont in Brussels, Belgium. The hotel is a full service hotel with 212 rooms and a competitive meeting product. The purchase price amounts to MEUR 32.7, corresponding to approximately MSEK 315, and is financed by existing credit facilities. The transaction and transfer of possession are expected to be completed at the end of May 2017 and the hotel will then be reported under the business segment Operator Activities. For 2017 the hotel is expected to contribute the equivalent of approximately MSEK 70 in revenue and MSEK 10 in cash earnings on an annualised