Acquisitions and divestitures
Completed acquisitions & divestments 2021-2025
(larger and announced)
| Year | Hotel | Business segmet | Acquisition/divestment | Country | Sum | Time |
|---|---|---|---|---|---|---|
| 2025 | Elite Hotel Frost Kiruna | Leases | Acquisitions | Sweden | MSEK 347 | Q3 |
| 2025 | Scandic Imatra | Leases | Divestment | Finland | n.a | Q3 |
| 2025 | Quality Winn Gothenburg | Leases | Divestment | Sweden | MSEK 57 | Q3 |
| 2025 | Hotel Pullman Cologne | Leases | Acquisition | Germany | MEUR 66 | Q2 |
| 2025 | Radisson Blu Hotel Tromsø | Leases | Acquisition | Norway | MNOK 750 | Q1 |
| 2024 | DoubleTree by Hilton Edinburgh City Centre | Own Operations | Acquisition | UK | MGBP 49 | Q4 |
| 2024 | Three aparthotels in central London | Own Operations | Acquisition | UK | MGBP 230 | Q3 |
| 2024 | DoubleTree by Hilton Montreal | Own Operations | Divestment | Canada | 80 MCAD | Q2 |
| 2023 | Hilton Belfast | Own Operations | Acquisition | UK | 40 MGBP | Q2 |
| 2023 | Best Western Hotel Fridhemsplan | Leases | Acquisition | Sweden | 400 MSEK | Q1 |
| 2023 | Queens Hotel Leeds | Own Operations | Acquisition | UK | 53 MGBP | Q1 |
| 2023 | InterContinental Montreal | Own Operations | Divestment | Canada | 80 MCAD | Q1 |
| 2022 | DoubleTree by Hilton Bath | Own Operations | Acquisition | UK | 40 MGBP | Q4 |
| 2022 | NH Brussels Louise | Own Operations | Acquisition | Belgium | 35 MEUR | Q3 |
| 2022 | Mora Hotell & Spa | Leases | Divestment | Sweden | 114 MSEK | Q1 |
| 2021 | Adagio Aparthotel Edinburgh | Leases | Acquisition | UK | 40.5 MGBP | Q4 |
Previously completed acquisitions & divestments
2019
Pandox acquires seven hotel properties in Germany for MEUR 290
Pandox acquires hotel property in Nuremberg for MEUR 61
Pandox acquires two hotels for MEUR 83
Pandox acquires three hotel properties in Germany for MEUR 103
2018
Pandox acquires The Midland Manchester
Pandox acquires Radisson Blu Glasgow for MGBP 39
Pandox divests hotel property in Kiruna
2017
Pandox acquires hotel portfolio in the UK and Ireland with Fattal Hotels Group as operating partner
Pandox acquires Hilton London Heathrow Airport for MGBP 80
Pandox acquires Silken Berlaymont in Brussels for MEUR 33
2016
Pandox acquires hotel portfolio in Europe for approximately MSEK 4,100
Pandox acquires Hilton Grand Place Brussels for MEUR 55
Pandox divests 8 hotels in Sweden for MSEK 850
2015
Pandox acquires 18 hotels in Germany for approx. MSEK 3,700
Pandox divests hotel property in Antwerp for MEUR 16
2014
Pandox sells 14 hotel properties
Pandox sells Hilton Docklands Hotel in London
2012
Pandox acquires four hotels in Denmark
2010
Pandox acquires Park Inn Solna
Pandox acquires Brussels Hilton
Pandox acquires Norgani Hotels with a portfolio of 72 hotel properties in Sweden, Finland, Norway and Denmark
2007–2008
Pandox acquires InterContinental Hotel in central Montreal
Pandox acquires Hyatt Regency Montreal
2005
Pandox sells twelve hotel properties to Norgani Hotels.
2004
Pandox is acquired by the industrial investors Eiendomsspar AS and Sundt AS through a public offer. The shares were subsequently de-listed. After the privatisation, Pandox grew in scale as it acquired several large hotels in Berlin, Brussels, Basel, Copenhagen, Stockholm and Malmö.
2000
Pandox expanded its geographical footprint to other parts of Northern Europe through the acquisition of Hotellus, the property owning company of Scandic, with a total of 16 hotel properties.