Pandox Enters into Agreement Regarding a Hotel Property in Brussels

Sweden Sweden — Pandox AB (publ) has entered into an agreement to acquire NH Brussels Louise in central Brussels, Belgium. The hotel has 246 rooms and is owned and operated by the largest Spanish hotel chain NH Hotel Group. The agreement supports NH Hotel Group’s strategy revision in Brussels where Pandox is a key partner. The total transaction value amounts to approximately MEUR 35 and is financed by cash and existing credit facilities.

Pandox and Scandic Extend Lease Agreements for 15 Hotel Properties in the Nordics

Nordic — Pandox and Scandic Hotels have entered into an agreement on the extension of leases for 15 hotel properties and a congress center. The leases are revenue-based with a contractual minimum level and with a tenure between 12–20 years. The parties also undertake to jointly invest approximately MSEK 700 in the hotel properties over a multi-year period.

Pandox Signs Lease Agreement in Copenhagen

Denmark Denmark — Pandox has signed a new lease agreement for h27 in central Copenhagen with the operator Motel One. The lease is revenue-based with a minimum guaranteed rent and a tenor of 20 years.

How Pandox Will Carry on Anders Nissen's Legacy

Sweden Sweden — Pandox has appointed Liia Nõu as permanent CEO of the company. She tells Nordic Property News about her new position, how the company will carry on the legacy of Anders Nissen and about the market situation after an 18-month long pandemic.

Liia Nõu Appointed New CEO of Pandox

Sweden Sweden — Pandox's board of directors has appointed Liia Nõu as CEO. Liia Nõu has been Pandox’s CFO since 2007 and acting CEO since 21 May 2021.