Liia Nõu has been Pandox’s CFO since 2007 and acting CEO since 21 May 2021.

"Pandox has everything I admire in a modern company – a clear and strong business idea, a competent, experienced and committed organisation and board, as well as a corporate culture which reflects the core values I cherish; courage, integrity, professionalism, a low sense of prestige, warmth and a bit of playfulness”, says Liia.

2020 was a historic year in two senses for Pandox. Firstly because we celebrated our 25th birthday, and secondly because 2020 will go down in history as the weakest year ever for the hospitality industry due to Covid-19. Thanks to a well proven business model, extensive crisis experience, clear priorities and an agile organisation, Pandox has succeeded in navigating its way through the storm relatively well.

Pandox is a leading owner of hotel properties in Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio comprises 156 hotels with approximately 35,000 hotel rooms in 15 countries.

Hotel properties have certain characteristics that distinguish them from other types of property. In addition to technical and financial knowledge of properties, a hotel property owner needs to have specialist expertise in areas closely linked to the hotel market, particularly operation, the dynamics and drivers in the market, the various business models for hotel operation, and brands and concepts.