Pandox signs new lease agreement with Motel One for h27 in central Copenhagen
Pandox AB (publ) has signed a new lease agreement for h27 in central Copenhagen with the operator Motel One. The lease is revenue-based with a minimum guaranteed rent and a tenor of 20 years. The takeover is expected to take place in the beginning of the fourth quarter 2021. At that time the hotel property will also be reclassified to Property Management from Operator Activities.“We are very happy to sign a new lease agreement with the well-known and highly skilled operator Motel One. The agreement is a result of Pandox's strategy and business model with active work throughout the value