Scandic and Pandox extend lease agreements with unchanged terms for 15 hotels
Scandic and Pandox have agreed to extend the leases for 15 hotels and one conference property. Pursuant to the agreement, the rental terms will remain unchanged, enabling good profitability and balanced risk for Scandic. The parties have also agreed on a joint renovation program for the hotels. Scandic and property owner Pandox have agreed to extend the leases for 15 hotels in the Nordic region, of which 12 are in Sweden, two in Finland and one in Norway. In addition, the agreement for the Marina Congress Center in Helsinki has been extended. The agreement includes a total of 3,598