Own Operations
Within the Own Operations segment we operate hotels in properties that we own. This is an important aspect of our active ownership model. It provides us with valuable flexibility for acquiring and repositioning hotel properties with the aim of creating value through new leases or realising value through divestment.
The Hotel, with 421 rooms, is a landmark in central Brussels.
Facts
The ability to take over the operation of a hotel reduces the operational risk when leases expire or if the tenant cannot fulfil its obligations. It is also useful in situations where hotels need to be completely renovated and it is not currently financially attractive to lease to third parties.
Pandox’s deep knowledge of hotel operation also makes it possible to efficiently monitor tenant performance throughout the portfolio. Operational know-how also creates opportunities to carry out acquisitions of mixed portfolios that include both hotel properties and hotel operations.
| Key figures, year-end | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue, MSEK | 3,159 | 2,347 | 851 | 779 |
| Net operating income, MSEK | 713 | 566 | -22 | -168 |
| Yield, % | 7,02 | 6,50 | 6,38 | 6,37 |
| Property market value, MSEK | 11,813 | 11,669 | 10,380 | 9,361 |
| Number of hotels | 20 | 20 | 20 | 20 |
| Number of rooms | 5,650 | 5,773 | 5,903 | 5,787 |
Brands in Own Operations
