Pandox acquires hotel in the UK for approximately MGBP 40
Pandox AB (publ) has acquired and gained access to a hotel property (Hilton Belfast) including hotel operations in central Belfast, Great Britain. The hotel has 202 rooms and will be operated under a management agreement with Axiom Hospitality, subject to a franchise under the Hilton brand. The total acquisition price, including certain targeted value increasing investments, amounts to approximately MGBP 40 and will initially be financed by cash and existing credit facilities."The hotel is well-invested with a strong strategic location in the city center of Belfast. The UK is a one of