Pandox AB (publ) acquires Hilton London Heathrow Airport for MGBP 80
Pandox has entered into an agreement to acquire Hilton London Heathrow Airport. The hotel is a full-service premium hotel with 398 rooms and a strong location at London-Heathrow Terminal 4. The hotel is operated by Hilton under a revenue-based lease agreement. The purchase price amounts to MGBP 80, corresponding to approximately MSEK 865, and is financed by existing credit facilities. The acquisition is expected to be completed during the third quarter 2017 and the hotel will then be reported under the business segment Property Management. For 2017 the hotel is expected to contribute the