Pandox enters into an agreement to sell InterContinental Montreal
Pandox AB (publ) has entered into an agreement to divest InterContinental Montreal in Canada. The sale includes both the hotel property and hotel operations with a total transaction value of approximately MCAD 80, corresponding to approximately MSEK 660. The closing is planned to take place in the first quarter of 2023. "We are pleased to have signed an agreement to sell InterContinental Montreal, which we have owned since 2007 and have developed in stages since then. The timing is right, the sale price is attractive, and the buyer has a strong local presence in Montreal. With the