A leading owner of hotel properties

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Latest interim report

Pandox AB (publ) interim report January–June 2024

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Latest news

July 12, 2024 07:00 CEST | Regulatory
Pandox AB (publ) interim report January–June 2024
June 28, 2024 10:00 CEST
Invitation to presentation of Pandox’s interim report January–June 2024
April 25, 2024 07:00 CEST | Regulatory
Pandox AB (publ) year-end report January–March 2024

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New lease agreement with Scandic Hotels for a hotel in Nuremberg

Pandox has signed a new lease with Scandic Hotels Group for former Hotel Pomander in Nuremberg, Germany. The lease is revenue-based with a guaranteed minimum level and long term. The agreement came into force on 1 March 2024.

Annual Report 2023: A fast-paced year

2023 was a good year for Pandox, with strong net operating income and strong business momentum. Total revenues and total net operating income increased by 21 percent and 13 percent, respectively, compared to 2022, driven by higher revenue-based rents in the Leases business segment and good growth in the Own Operations business segment. We ended the year strong and our outlook is positive.

About Pandox

Active owner with deep hotel knowledge

A property company focused solely on hotels

We are an active and engaged owner that since inception in 1995 has created one of the largest hotel property portfolios in Europe.

Success factors

We are an active and engaged owner that aims to maximise the value of each individual hotel
property. We do this by creating attractive and sustainable hotel products and hotel properties
based on each property’s unique characteristics.

Two business segments working together

Pandox has two business segments, partly Leases where Pandox owns and leases hotel properties, and Own Operations where Pandox also runs hotel operations.

Sustainability

Sustainability strategy with a business focus

Pandox's most important contribution to more sustainable development lies in the creation of profitable green properties and green agreements with hotel operators. The aim is to create resource-efficient properties and operations that reduce Pandox's climate footprint while the company grows.

Careers

Pandox spirit

At Pandox, we value employees who feel confident, take initiative, and thrive in teamwork. Our lean, entrepreneurial organization relies on everyone’s contribution. Our playful company symbol, Pepper the dog, reminds us to enjoy our work and not take ourselves too seriously.