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.
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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.
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Pandox owns hotel properties which are leased to strong hotel operators. Pandox is active across the hotel value-chain and also operates hotels when appropriate. Pandox has a strong pan-European position with 156 hotel properties in 90 destinations in 15 countries, including some of the world’s largest hotel markets such as Germany and the UK.
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Pandox’s business model is to actively own and lease hotel properties
Business modelPandox’s home market is a densely populated area that is home to nearly 200 million people. It extends from Harstad, in the north to Vienna in the south and is one of the world’s economically strongest and most dynamic regions. By combining different markets, types of demand and brands, Pandox can balance out fluctuations in individual markets. This increases resilience and reduces risk.
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