Property Management
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 80 percent.
NH Collection Salzburg, renovated and upgraded in 2021
Revenue and net operating income
Revenue per country, Property Management (2022)
26%
24%
21%
8%
8%
6%
2%
6%
| Key figures, MSEK | 2022 | 2021 | 2020 |
|---|---|---|---|
| Revenue | 3,307 | 2,422 | 2,399 |
| Net operating income | 2,868 | 2,027 | 2,018 |
| Property market value | 57,563 | 52,215 | 50,181 |
| Average valuation yield, % | 5,58 | 5,44 | 5,44 |
| Number of hotels | 137 | 137 | 136 |
| Number of rooms | 29,717 | 29,469 | 29,273 |
Operators and partners in Property Management
Largest partners, in number of rooms
37%
24%
6%
6%
5%
5%
4%
4%
9%