PANDOX SELLS THE HOTEL PROPERTY FIRST HOTEL PARK ASTORIA IN ENKÖPING

Pandox has divested the hotel property First Hotel Park Astoria in Enköping.

The hotel property was sold for 24.6 MSEK, resulting in a capital gain of 7.5 MSEK.

The hotel property will be taken over on April 1, 2003.

-"Pandox continues to act according to its strategy. The disposal is part of the group's aim to own large hotels in large hotel markets and further increases Pandox possibilities for acquisitions", says Anders Nissen, CEO Pandox AB.