Pandox acquires a hotel in Edinburgh for MGBP 49
Pandox AB (publ) has entered into an agreement to acquire DoubleTree by Hilton Edinburgh City Centre in central Edinburgh, UK. The hotel will be operated under a management agreement with Axiom Hospitality. The total transaction value amounts to approximately MGBP 49 and is expected to be financed by available cash funds and a new bank loan.“DoubleTree by Hilton Edinburgh City Centre is a nice addition to our hotel property portfolio. The hotel is performing well with potential to further develop the hotel product and increase the return over time. The cooperation with Axiom Hospitality,