US/UK/Canada

Share

Contacts

  • Pandox AB
    Vasagatan 11, 9th floor, Stockholm, Sweden
    +46 8 506 205 50
    http://www.pandox.com
  • Anders Berg

    Head of Communications & IR


    +46 760 95 19 40
  • Erik Ax

    Communications & IR Manager


    +46 70 713 77 06
    • Pick a time period -
    Tags ( Active)

    Pandox takes over operations at Quality Hotel & Resort Fagernes

    Pandox Operations will assume operations at the conference, leisure and tourist hotel Quality Hotel & Resort Fagernes in Norway. Pandox is the owner of the hotel since 2010 and the takeover is effective January 1, 2016."When Nordic Choice Hotels informed us that they did not want to renew the lease agreement for the hotel, we decided to take over the operations at the hotel property, which we own since 2010! says Leif Kristen Olsen, Vice President, Area Manager, Norway & Sweden at Pandox. "We conduct the takeover in order to safeguard the hotel´s future value and development. Quality

    Pandox and Elite renew the leases on two hotels

    Pandox and Elite Hotels have renewed and extended the leases on the Park Avenue Hotel in Gothenburg and Stora Hotellet in Jönköping. The agreements, both of which have a duration of 15 years, include a development and upgrade program for the two hotels of an estimated SEK 90 million in total, where Pandox’s share is slightly more than half."The two hotels have good locations in good markets, resulting in high interest from both guests and potential operators who wish to run the hotels," notes Erik Hvesser, Vice President and Area Manager Sweden & Finland at Pandox. "Elite Hotels has

    Pandox Operations takes over operations of Mr Chip Hotel in Kista, Stockholm

    Pandox Operations has entered into an agreement with the current hotel operator to take over operations at Mr Chip Hotel in Kista, Stockholm. Pandox is already the owner of the hotel property. The hotel property is strategically located in one of the most expansive areas of Stockholm and offers good potential for development.“Taking over operations is in line with our strategy. When the current operator decided to phase out operations it was natural for Pandox to take the role as both owner and operator, to safeguard the value and development of the hotel property”, says Erik Hvesser, Vice

    Pandox to establish Asset Management division

    The Pandox Group continues to expand. The company is currently strengthening its offering by adding a new business area, introducing the new division, Pandox Asset Management. The mission for this new business area is to efficiently manage hotel properties on behalf of external property owners. During 2014, Pandox already established the new operating company, Pandox Operations, with the mission to run hotels owned by Pandox and external owners. These developments to the Pandox business model should be seen as part of the ongoing changes within the hotel industry and reflect the

    Pandox Operations signs lease agreement for Grand Hotel Oslo

    Pandox’ newly formed operations company hits the ground runningPandox Operations has signed a lease agreement with Norwegian property company Eiendomsspar AS, who also owns 50% of Pandox AB, to take over operations at Grand Hotel Oslo from March 1st, 2015. Pandox Operations are already running operations at 16 Pandox owned hotels, but is now taking its first step into becoming an operator of hotels owned by external parties. – It’s a great honour to obtain the prestigious assignment of running operations at the historical Grand Hotel Oslo. The deal is in line with Pandox Operation’s

    Pandox is establishing a hotel operating company

    As a consequence of changes within the industryPandox is expanding its business within hotel operations by establishing its own operating company, Pandox Operations. Initially it will include the 16 hotels where Pandox already manages operations today. – We can see the need for greater flexibility and for having the possibility to choose different strategies for different situations, both as an owner and as an operator, says Pandox CEO, Anders Nissen. By establishing a company 100 % focussed on hotel operations, we achieve exactly that. The global hotel industry has gone through a

    Pandox sells 14 hotel properties

    Pandox has sold a portfolio which comprises 14 Swedish hotel properties with a total of 2 400 rooms to Fastighets AB Balder. The total purchase price is SEK 2.2 billion. The buyer will assume ownership of the properties during the second quarter of 2014. The hotels included in the portfolio are: · Best Western Royal Corner Växjö, 159 rooms · Clarion Hotel Plaza Karlstad, 131 rooms · Park Inn by Radisson Solna, 247 rooms · Quality Hotel Grand Kristianstad, 137 rooms · Quality Hotel Nacka, 164 rooms · Scandic Gävle Väst, 200 rooms · Scandic Skogshöjd Södertälje,

    Pandox takes over operations at two hotels in Copenhagen

    Pandox is increasing the number of hotels under its own operations and is today taking over operative responsibility for the 223 room Omena Hotel Copenhagen in central Copenhagen. In December 2013, Pandox also took over operations at First Copenhagen, a 215 room conference hotel located between the city and the airport. Both the hotels will be run under franchise agreements with the current operators. - A logical aspect of Pandox' active ownership strategy is to operate hotels ourselves. This can happen when it is commercially impossible to continue with the current operator or when a

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe