Pandox acquires hotel in the UK for MGBP 53
Pandox AB (publ) has acquired and gained access to The Queens Hotel in central Leeds, UK. The acquisition includes both the hotel property and the hotel operations. The hotel has 232 rooms and will be operated as an independent brand under a new management agreement with Axiom Hospitality. The total acquisition price amounts to approximately MGBP 53 with an expected stabilised yield of more than 9 percent. "We are pleased to acquire the iconic and market leading The Queens Hotel in central Leeds. The hotel is located next to the city’s largest square and the central station, attracting