Denmark — Pandox has entered into an agreement to take over operations of First Hotel Mayfair and First Hotel Twentyseven in hotel properties already owned by Pandox. The hotels have good locations in central Copenhagen, and they will be marketed under their existing and well-established hotel names.

Sweden — Due to the coronavirus (COVID-19) and the extraordinary government actions taken to limit the spread of the virus, business activity in Pandox’s key markets has decreased substantially during the past two weeks. Based on current information, Pandox estimates EBITDA to be approximately 15-20 percent lower than in the corresponding period last year. Based on current information, Pandox estimates the negative earnings effect to be considerably larger in the second quarter. Pandox would like to stress that these estimates are highly uncertain.

Sweden — Pandox has entered into an agreement to acquire seven hotel properties with a total of 1,532 rooms in Germany from HR Group. The total transaction value amounts to approximately MEUR 290, excluding minority.

Sweden — Pandox has entered into an agreement to acquire Maritim Hotel with 316 rooms in central Nuremberg, Germany. The total transaction value amounts to approximately MEUR 61, including transfer tax, and will be financed by cash and existing credit facilities.

Sweden — Pandox completes a directed share issue of 16,350,000 class B shares, raising proceeds of approximately SEK 3 billion.

Sweden — Pandox has entered into an agreement to acquire two hotel properties including operations in the Hague, the Netherlands, and Hannover, Germany, with a total of 421 rooms. The total transaction value amounts to approximately MEUR 83, excluding minority.

Sweden — Pandox has entered into an agreement to divest the hotel building, which accommodates Hotel Hasselbacken in Stockholm, for MSEK 480. Buyer is a company within the Pop House Sweden group, owned by Björn Ulvaeus and Conni Jonsson. Closing is planned to 2 September 2019.

Sweden — Pandox has entered into an agreement to acquire three hotel properties in Augsburg, Erfurt and Dortmund in Germany with a total of 565 rooms. The total transaction value amounts to approximately MEUR 103, excluding minority.

Sweden — Pandox has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel operations will be transferred to Fattal. The total transaction value amounts to approximately MGBP 115, whereof the value of the hotel property amounts to MGBP 102.

Sweden — Pandox has entered into an agreement to divest the hotel property Hovmästaren 1 (Scandic Ferrum) in Kiruna for EUR 28M. The buyer is the state-owned mining company LKAB and the date of transfer is planned to December 1st 2018.

Sweden — Pandox has entered into an agreement to acquire Hilton London Heathrow Airport. The hotel is a full-service premium hotel with 398 rooms and a strong location at London-Heathrow Terminal 4.

Sweden — Pandox has resolved to carry out a directed share issue of 7,499,999 class B shares at a subscription price of EUR 14 per share.

Sweden — Pandox has entered into an agreement with Invesco Real Estate to acquire seven hotel properties in Europe – four in Germany, two in Austria and one in the Netherlands – with a total of 1,744 rooms. The acquisition price amounts to EUR 415M, corresponding to approximately SEK 4.1 billion, on a debt free basis.

Nordic — The hotel property company Pandox and the hotel operator Scandic Hotels have renewed and extended lease agreements for 19 hotels in the Nordic region.

Sweden — Pandox has signed an agreement with Midstar to divest eight hotel properties with a total of 965 rooms in Sweden. The acquisition price amounts to MSEK 850 (€90M), after deduction of deferred tax.