Pandox was founded in 1995 by Securum and Skanska. In the beginning, Pandox’s portfolio comprised 18 properties and three small hotel operations in Sweden. Today, Pandox's portfolio consists of 120 own hotel properties in ten countries, and an additional 10 hotels under various asset management contracts.

A short summary of the most important acquisitions and divestments are presented below.

2016
Pandox acquires seven hotel properties, of which four in Germany, two Austria and one in the Netherlands for approximately MSEK 4,100.

Pandox acquires Hilton Grand Place Brussel for MEUR 55.

Pandox divests 8 hotel properties in Sweden for MSEK 850.

2015
Pandox acquires 18 hotel properties in Germany, mainly under the Leonardo brand, for approximately MSEK 3,700. Pandox divests Scandic Antwerpen for MEUR 16.

2014
Pandox divests a portfolio of 14 hotels in Sweden to Fastighets AB Balder and the Hilton Docklands Hotel in London to H.I.G. Capital. Total proceeds from the divestments amounted to approximately MSEK 2,700.

2010
Pandox announces the acquisition of Norgani Hotels, with a portfolio of 72 hotel properties across Sweden, Finland, Norway and Denmark, in a transaction valued at approximately MSEK 10,000. As a result of the acquisition, Pandox becomes one of Europe’s leading hotel property companies.

2007-2008
Pandox continues its international expansion with two hotel acquisitions in Montreal, Canada.

2005
Pandox divests 12 hotel properties to Norgani Hotels.

2004
Pandox is acquired by the industrial investors Eiendomsspar AS and Sundt AS through a public offer. The shares were subsequently de-listed. After the privatisation, Pandox grew in scale as it acquired several large hotels in Berlin, Brussels, Basel, Copenhagen, Stockholm and Malmö.

2000
Pandox expanded its geographical footprint to other parts of Northern Europe through the acquisition of Hotellus, the property owning company of Scandic, with a total of 16 hotel properties.

Read more about Pandox's history