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Hotel interior with bedroom, a bed and desk infront of a blue wall

Our business

Property Management

Property Management is the core business of Pandox with hotel properties leased to strong hotel operators under mainly long-term revenue-based lease agreements. This segment represents approximately 80 percent of Pandox's total property market value.

Operator Activities

In Operator Activities Pandox also run hotel operations in properties the company owns. This enables Pandox to be active across the hotel value chain, thereby minimising risk and maximising opportunity. This segment represents approximately 20 percent of Pandox's total property market value.

Share of Pandox total (2022)

Market value
83%
17%
Net sales
59%
41%
Net operating income
83%
17%

A key element of Pandox's business is to acquire underperforming hotel properties and create value through investment, respositioning and productivity improvement

Learn about keys to value creation
Rent income per country, Property Management (2021)
26%
25%
20%
9%
7%
4%
2%
7%
Revenue per country, Operator Activities (2021)
34%
25%
17%
12%
5%
4%
3%

Strong position in domestic markets

Pandox has a well-diversified portfolio with a presence in 90 cities in 15 countries, including the England, Wales, Northern Ireland and Scotland submarkets. The portfolio has the most exposure – around 80 percent measured in number of rooms – to domestic and regional cities with mainly domestic demand.

Our markets
Scandic Helsinki