Pandox in brief

Pandox is a leading hotel property company that owns and leases hotel properties to leading hotel operators. In total, Pandox owns 192 hotels with a total of approximately 42,500 rooms in 11 countries. Pandox was founded in 1995 and has been listed on Nasdaq Stockholm [PNDX] since June 2015. Pandox's vision is to become one of the world's leading hotel property companies.

Our hotel property portfolio

Two business segments

Leases

Leases is the core business of Pandox with hotel properties leased to strong hotel operators under mainly long-term revenue-based lease agreements. This segment represents 80 percent of Pandox's total property market value.

Own Operations

In Own Operations Pandox also run hotel operations in properties the company owns. This enables Pandox to be active across the hotel value chain, thereby minimising risk and maximising opportunity. This segment represents 20 percent of Pandox's total property market value.

Geographical prescence

Facts about Pandox (2025)
Net sales	MSEK 7,469
Net Operating Income	MSEK 4,550
Chairman	Christian Ringnes
CEO	Liia Nõu
Number of hotels	193
Number of rooms	Approx. 42,500
Number of employees	1,445
Founded	1995
Head office	Stockholm, Sweden

Rent income per country, MSEK, Leases (2025)

996

899

786

329

291

253

207

Revenue per country, MSEK, Own Operations (2025)

1372

1098

692

Sustainability focus areas

Sustainability is integrated into our business model and part of our daily work. We have divided the most material sustainability areas into five focus areas.

Environment and climate, Responsible and fair business, Satisfied and safe guests, Attractive and equal workplace and Inclusive communities.