The business segment Operator activities includes Pandox's owned Operating properties in Belgium, Germany, Denmark, Finland, Canada, Norway and Sweden, which Pandox operates through Pandox Operations.

The hotel operations are executed by Pandox in the company's own operating properties. Operating properties' share of the market value of Pandox's total property portfolio amounts to approximately 20 percent.

Included in the Operator activities segment is also the Grand Hotel Oslo with 292 rooms, which Pandox operates under a long-term lease agreement with Eidendomsspar AS, and a management support agreement for the Pelican Bay Lucaya Resort on the Grand Bahama Island with Sundt AS.

Read more about Pandox Operating properties