Property Management is a key component of Pandox’s operations and involves long revenue-based leases with good guaranteed rent levels and stable earnings. The hotel properties are leased to tenants who run the hotels under various brands. Investment properties' share of the market value of Pandox's total property portfolio amounts to approximately 84 percent.
Pandox’s tenant base consists of highly reputable hotel operators with strong hotel brands. Tenants include regional operators such as Scandic Hotels Group (the largest hotel operator in the Nordics), Fattal Hotels Group (Leonardo, Jurys Inn), HR Group and Nordic Choice Hotels, as well as global operators such as Hilton, Radisson and NH Hotel Group.
In addition, Pandox manages the Pelican Bay Lucaya Resort on the Grand Bahama Island with 186 rooms (commercial asset management). Pelican Bay Lucaya Resort is reported under Operator activities.
Read more about Pandox Investment properties