Swedish hotel property company Pandox has announced it is in preliminary talks to acquire a hotel portfolio in London, UK, valued at approximately SEK 3 bn (€260 mln).
The company emphasizes that these negotiations are ongoing and there is no guarantee of a deal being finalized.
Pandox's business strategy centers around property management, development, and portfolio optimization to boost cash flow, property values, and return on investment.
The company believes this acquisition aligns with its growth objectives, offering immediate earnings potential and a pipeline of development opportunities for long-term value creation.
Pandox is a major hotel property owner in Northern Europe, specializing in large-scale hotels in popular leisure and business destinations. The company owns approximately 157 hotels with around 35,000 rooms across 12 countries.
Pandox operates two main business segments. The first, Leases, involves long-term property rentals to top-tier regional and international hotel chains. The second, Own Operations, focuses on directly managing hotels within the company's property portfolio.
