Pandox AB (publ) signs lease agreement for Urban House Copenhagen
Pandox has signed a 20 year revenue-based lease agreement with a minimum guaranteed rent for Urban House Copenhagen. The tenant is MEININGER Hotel Group of Germany. The lease agreement will come into force 1 January 2017, and the hotel property will then be reclassified from Operator Activities to Property Management.“We are pleased about this cooperation with MEININGER. The lease agreement is competitive and shows that Pandox’s active ownership throughout the hotel value chain creates value, as well as reduces the risk for both the company and its shareholders. The agreement is in line