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Acquisitions and divestitures

Completed acquisitions & divestments 2021-2023

Year Hotel Business segmet Acquisition/divestment CountrySum Time 
2023Hilton Belfast Operator Activities Acquisition UK40 MGBP Q2 
 2023Best Western Hotel Fridhemsplan Property ManagementAcquisitionSweden400 MSEK Q1 
 2023Queens Hotel Leeds Operator Activities AcquisitionUK53 MGBP Q1 
 2023InterContinental Montreal Operator Activities Divestment Canada80 MCAD Q1 
 2022DoubleTree by Hilton Bath Operator Activities  Acquisition UK40 MGBP Q4 
2022NH Brussels LouiseOperator Activities  AcquisitionBelgium35 MEURQ3
2022Mora Hotell & SpaProperty ManagementDivestmentSweden114 MSEKQ1
2021Adagio Aparthotel EdinburghProperty ManagementAcquisitionUK40.5 MGBPQ4

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