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Leases

Leases is a key component of Pandox’s operations and involves long revenue-based leases with good guaranteed rent levels and stable earnings. The hotel properties are leased to tenants who run the hotels under various brands. Investment properties' share of the market value of Pandox's total property portfolio amounts to approximately 80 percent.

NH Collection Salzburg, renovated and upgraded in 2021

Revenue and net operating income, MSEK
Revenue per country, Leases (2023)
967
841
795
306
246
227
73
235

Key figures, MSEK2023202220212020 
Revenue3,6903,3072,4222,399
Net operating income3,1572,8682,0272,018
Property market value57,22657,56352,21550,181
Average valuation yield, %6.095,585,445,44
Number of hotels139137137136 
Number of rooms30,20129,71729,46929,273

Read more about Pandox Investment properties

Operators and partners

Largest partners, in number of rooms

37%
24%
6%
6%
5%
5%
4%
4%
9%