Pandox AB (publ) signs lease agreements for Hotel BLOOM! and Hotel Berlaymont in Brussels with NH Hotel Group
Pandox has signed twenty-year revenue-based lease agreements with guaranteed minimum rent for Hotel BLOOM! and Hotel Berlaymont in Brussels with NH Hotel Group. The lease agreements will take effect on 1 February 2018 and the hotel properties will then be reclassified from Operator Activities to Property Management.“We are very pleased to sign two new lease agreements with NH Hotel Group, which is a well-renowned and skillful international hotel operator and a strong business partner. The hotel market in Brussels has historically been dominated by management agreements and these lease