Pandox’s business concept - based on its expertise within hotel properties, hotel operations and business development - is to actively own and lease hotel properties. Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations.

As of 31 March 2015, Pandox’s hotel property portfolio comprised 104 hotels with a total of 21,969 hotel rooms across eight countries. The Company’s hotel properties are located in cities that are either international destinations, meaning they have a large relative or absolute share of international guests, such as Stockholm, Oslo, Copenhagen, Helsinki, Berlin, Brussels, Antwerp, Basel, and Montreal, or cities with a high proportion of regional demand such as Gothenburg, Malmö and other regional cities in the Nordic region. The hotel properties are primarily situated in strategic locations such as city centres, ring roads, airports, exhibition centres or similar locations that attract a steady demand for hotel rooms and services. The hotel properties are primarily full service hotels in the upper-medium to high-end segments. The average size of the hotel properties is 211 rooms.

Pandox’s first quarter 2015 was strong with growing underlying net operating income and increased cash earnings.
The IPO will include an offering to the general public in Sweden and to institutional investors in Sweden and internationally, as the current ultimate shareholders in the Company, Eiendomsspar AS, CGS Holding AS and Helene Sundt AS, intend to reduce their ownership in Pandox.
ABG Sundal Collier is acting as Global Coordinator and Joint Bookrunner in the IPO, Handelsbanken Capital Markets and Morgan Stanley are acting as Joint Coordinators and Bookrunners, and Carnegie, DNB Markets and SEB are acting as Co-lead Managers.