Pandox AB (publ) and Scandic Hotels renew leases for 19 hotels in the Nordic region
The hotel property company Pandox and the hotel operator Scandic Hotels have renewed and extended lease agreements for 19 hotels in the Nordic region. The lease agreements have a duration of up 15 years and include a joint renovation programme of MSEK 470 over three years, of which Pandox’s share amounts to approximatelyhalf. “Scandic Hotels have successfully operated the hotels over a long period of time and we are pleased to be able to present an extension of the lease agreements. With renewed leases and joint investments we are strengthening both our strategic partnership and joint