PANDOX SIGNS LEASE CONTRACT WITH CHOICE HOTELS SCANDINAVIA FOR COPENHAGEN HOTEL 27, COPENHAGEN

PRESS RELEASE
Stockholm, 9 July 2007
 
PANDOX SIGNS LEASE CONTRACT WITH CHOICE HOTELS SCANDINAVIA FOR COPENHAGEN HOTEL 27, COPENHAGEN
 
Pandox has agreed with Choice Hotels Scandinavia that they will take over the operations at Copenhagen Hotel 27, Copenhagen, under a revenue-based lease contract. The hotel has 200 rooms and is situated in the city centre with walking distance to shopping and business districts.
 
The hotel was acquired by Pandox in autumn 2005. During the last years the hotel has faced an extensive renovation and has been developed into one of the leading lifestyle hotels in Copenhagen.
 
Choice Hotels will market the hotel under the name Clarion Collection Hotel 27.
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For further information:
 
Business Area Director Mikael Planell, +46 (0)8 506 205 54, +46 (0)705 72 16 01,
 
CEO Anders Nissen, Pandox AB, +46 (0)8 506 205 60, +46 (0)708 46 02 02, anders.nissen@pandox.se
 
Pandox is one of the leading players in the hotel property market in Europe. The portfolio consists of 43 hotels of which ten operations, and with a total of around 9,800 rooms located in Sweden, Denmark, Germany, Belgium, Switzerland, the UK and the Bahamas. Pandox hotels operate under well-known brands such as Hilton, Crowne Plaza, Radisson SAS, Holiday Inn, Scandic, Elite, Choice, First or through independent distribution channels.