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Acquisitions and divestitures

Completed acquisitions & divestments 2021-2025

(larger and announced)

Year  Hotel  Business segmet  Acquisition/divestment  Country Sum  Time 
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

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Pandox acquires hotel property in Nuremberg for MEUR 61

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Pandox acquires two hotels for MEUR 83

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Pandox acquires three hotel properties in Germany for MEUR 103

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2018

Pandox acquires The Midland Manchester

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Pandox acquires Radisson Blu Glasgow for MGBP 39

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Pandox divests hotel property in Kiruna

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2017

Pandox acquires hotel portfolio in the UK and Ireland with Fattal Hotels Group as operating partner

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Pandox acquires Hilton London Heathrow Airport for MGBP 80

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Pandox acquires Silken Berlaymont in Brussels for MEUR 33

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2016

Pandox  acquires hotel portfolio in Europe for approximately MSEK 4,100

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Pandox acquires Hilton Grand Place Brussels for MEUR 55

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Pandox divests 8 hotels in Sweden for MSEK 850

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2015

Pandox acquires 18 hotels in Germany for approx. MSEK 3,700

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Pandox divests hotel property in Antwerp for MEUR 16

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2014 

Pandox sells 14 hotel properties

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Pandox sells Hilton Docklands Hotel in London

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2012

Pandox acquires four hotels in Denmark

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2010

Pandox acquires Park Inn Solna

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Pandox acquires Brussels Hilton

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Pandox acquires Norgani Hotels with a portfolio of 72 hotel properties in Sweden, Finland, Norway and Denmark

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2007–2008

Pandox acquires InterContinental Hotel in central Montreal

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Pandox acquires Hyatt Regency Montreal

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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.

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Read more about Pandox's history