Pandox acquires four hotels in Denmark

Pandox has acquired four hotels in Denmark, offering a total of 728 rooms, via its stakeholder company Norgani. The acquisition price is DKK 580 million.

This hotel portfolio includes three hotels in Copenhagen – Scandic Hviderod, Scandic Klostrop, First Copenhagen – and Scandic in Kolding.

Pandox will own nine hotels in Denmark following the acquisition, of which eight will be in Copenhagen.

For further information:                                                  

Anders Nissen                                                                
CEO, Pandox AB (publ)                                                   
+46 (0)8 506 205 50                                                         
+46 (0)708 46 02 02                                                         
anders.nissen@pandox.se

Pandox is one of Europe's leading players within the hotel property market regarding geographic spread, number of hotels, brands and size. The portfolio consists of 116 hotels, one congress and fair centre and eleven operational units, with a total of 24,000 rooms located in Sweden, Finland, Norway, Denmark, Germany, Belgium, Great Britain, Switzerland, the Bahamas and Canada. Pandox' hotels operate through various different lease structures under well-known brands such as Scandic, Hilton, InterContinental, Hyatt, Radisson Blu, Crowne Plaza, Holiday Inn, Clarion, Comfort, Quality, Elite, First, Rica, Park Inn, Best Western, Rantasipi and Omena, or through independent distribution channels. Pandox AB is owned by Eiendomsspar AS and Sundt AS