Pandox has two operating segments, Property management and Operator activities, which together comprise 120 hotels with a total of more than 26,000 rooms in ten countries.
Two business segments
Pandox’s business is organised and reported in two hotel ownership segments: Property management and Operator activities. Property management comprise owned hotel properties leased to exerntal operators, whereas Operator activities primarily include hotels operated by Pandox.
Each segment is further divided into the five geographic areas: Sweden, Norway, Finland, Denmark, and International. The latter comprises Pandox's business in Belgium, Germany, Switzerland, Austria, the Netherlands and Canada.
In addition, Pandox manages hotel properites on behalf of external owners. Currently Pandox has asset management agreements for nine hotels, of which eight (in Oslo) are reported under Property management, and one asset management agreement (the Pelican Bay Resort in the Grand Bahama Island) is reported under Operator activities.
Furthermore, Pandox has one hotel (Grand Hotel Oslo), which is operated by Pandox under a long-term lease agreement and reported under Operator activities.