Pandox is one of Europe’s leading hotel property companies. The portfolio is of the highest quality, embracing 120 hotels and one congress and fair centre with a total of 25,000 rooms as well as elven operating companies. The business model is that through active and committed ownership, work with four operational strategies, situation adapted for each hotel.
The hotels are located in international hotel markets such as London, Berlin, Stockholm, Copenhagen, Brussels and Montreal, as well as stable cities with a high proportion of domestic demand such as Bremen, Antwerp, Gothenburg and Swedish regional and university cities. All hotels have strong natural positions with an average size of around 210 rooms, which limits risks and provides prerequisites for efficient operations.
Pandox has a unique network within the hotel market and works together with many of the major brand names, including Scandic, Hilton, Hyatt, InterContinental, Crowne Plaza, Holiday Inn, Radisson Blu, Park Inn by Radisson, Clarion, Quality, Comfort, Elite, First, Rantasipi or through independent distribution channels.
- 120Hotels
- 10Countries
- 25 000Rooms
- 11Operating Companies
2011 was a new successful year for Pandox with increasing revenues, profitability and cash flow. Property management revenue rose to SEK 1,846 million. Cash flow amounted to SEK 879 million, and profit before tax was SEK 826 million. The good growth in profitability is primarily due to the aquisition of Norgani, but the Company has also had a good year for comparable units with Pandox’ orignal portfolio continuing to perform better than the market.
Read more in the Message from the CEO in Pandox annual report 2011