Pandox takes over operations its hotel property in Nuremberg and makes extensive investment
Due to the expiration of the lease agreement, Pandox AB (publ) has per 31 August 2021 taken over the operations of Maritim Hotel Nürnberg in central Nuremberg, Germany, in a hotel property already owned by Pandox. Pandox sees great value potential in developing the hotel under own operations and will invest approximately MEUR 20 in a comprehensive renovation and repositioning of the hotel. The hotel property will be reclassified to Operator Activities from Property Management per 1 September 2021.Pandox acquired the hotel property in 2019. The hotel has been operated by Maritim Hotels under