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Own Operations

The Own Operations business is an important part in Pandox’s strategy of being active throughout the value chain and reflects the company’s active ownership model. Pandox’s expertise and the capacity to operate hotels itself give the company strategic flexibility. Operating properties' share of the market value of Pandox's total property portfolio amounts to approximately 20 percent.

The Hotel, Brussels

The Hotel, with 421 rooms, is a landmark in central Brussels.

Facts

Revenue and net operating income, MSEK
Revenue per country, Own Operations (2023)
1,181
728
637
406
87
78
40

The ability to take over the operation of a hotel reduces the operational risk when leases expire or if the tenant cannot fulfil its obligations. It is also useful in situations where hotels need to be completely renovated and it is not currently financially attractive to lease to third parties.

Pandox’s deep knowledge of hotel operation also makes it possible to efficiently monitor tenant performance throughout the portfolio. Operational know-how also creates opportunities to carry out acquisitions of mixed portfolios that include both hotel properties and hotel operations.

Key figures, year-end202320222021 2020
Revenue, MSEK3,1592,347851779
Net operating income, MSEK713566-22-168
Yield, %7,026,506,386,37
Property market value, MSEK11,81311,66910,3809,361
Number of hotels20202020
Number of rooms5,6505,7735,9035,787

Read more about Pandox Operating properties

Brands in Own Operations

Partners, number of rooms
31%
20%
12%
11%
8%
7%
6%
5%