Pandox acquires Hotel Berlin with 701 rooms
Pandox acquires the hotel property Hotel Berlin including the operation and will take over the business on 1 June 2006. Pandox' strategy is to run the hotel under Pandox' management under a well-known brand or an independent distribution channel. The acquisition of Hotel Berlin fulfils Pandox' all acquisition criteria. The hotel is located in one of Europe's largest and most interesting markets. It is a pure hotel property with a central location within walking distance of the famous Kurfürstendamm. The hotel is large, Berlin's third largest, and has 701 rooms, 18 conference rooms,