Acquisitions and divestitures
Pandox was founded in 1995 by Securum and Skanska. In the beginning, Pandox’s portfolio comprised 18 properties and three small hotel operations in Sweden. Today, Pandox's portfolio comprises 156 hotel properties in 15 countries, and one additional hotel under an asset management contract.
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
Pandox acquires The Midland Manchester
Pandox acquires Radisson Blu Glasgow for MGBP 39
Pandox divests hotel property in Kiruna
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
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
Pandox acquires 18 hotels in Germany for approx. MSEK 3,700
Pandox divests hotel property in Antwerp for MEUR 16
Pandox sells 14 hotel properties
Pandox sells Hilton Docklands Hotel in London
Pandox acquires four hotels in Denmark
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
Pandox acquires InterContinental Hotel in central Montreal
Pandox acquires Hyatt Regency Montreal
Pandox sells twelve hotel properties to Norgani Hotels.
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.
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.