About Pandox

This is Pandox

A leading hotel property company

Pandox is a hotel property company that owns, develops and leases out hotel properties to skilled hotel operators. We are an active and engaged owner that since inception in 1995 has created one of the largest hotel property portfolios in Europe.

Pandox in brief

Street view of a hotel building at night, with light trails from passing cars and a clear sky.

About Pandox

Value creation through active and engaged ownership

Long history

Pandox was founded in 1995 by Securum and Skanska with the mission to restructure a hotel portfolio and recover value.

Success factors

Pandox is a hotel property company that owns, develops and leases out hotel properties
to skilled hotel operators.

Many different segments

Pandox has a broad geographical presence with hotel properties in 90 cities in 11 countries. We are mainly present in locations dominated by domestic and regional demand.

Key facts about Pandox*
Total revenue	MSEK 6,849
Total net operating income	MSEK 3,870
Chairman of the Board	Christian Ringnes
CEO	Liia Nõu
Number of employees	1,442
Number of hotels	159
Number of rooms	Approx. 35,500
Founded year	1995
Headquarters	Stockholm, Sweden

*Figures refers to year-end 2023

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Pandox spirit

Pandox is a fast-moving company with a strong culture and deep knowledge of hotels. Pandox offers a working environment where people create sustainable growth together.

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Organisation and management

Pandox’s organisation is based on two business segments, Leases and Own Operations. There are also central group functions for economic administration, financing and communication as well as a revenue management centre.