PANDOX ANNOUNCES NEW ACQUISITIONS IN BELGIUM
PRESS RELEASE Stockholm, 3 July 2007 PANDOX ANNOUNCES NEW ACQUISITIONS IN BELGIUM - becomes largest owner of hotel properties in Brussels and Antwerp Pandox does another acquisition in Belgium and acquires the hotel properties Holiday Inn Brussels Airport and Crowne Plaza Antwerp including operations for EUR 52 million. After the transaction Pandox owns hotel properties with 1,820 rooms in Brussels and Antwerp with a market value of approximately EUR 275 million. Holiday Inn Brussels Airport is a full service product with 310 rooms and the hotel has a