Pandox at IHIF 2024
The annual IHIF gathers all key decision makers in the European/Global hotel industry, and a very important event for Pandox to be part of. The event always offers lots of insights and inspiration from many industry sessions and panels.
Last week, three brilliant Pandoxers joined different panels at the annual International Hospitality Investment Forum (IHIF) conference in Berlin.
Here are some of the takeaways.
Martin Creydt discussed various operating models within the hotel landscape. His message was that the turnover-based lease agreement (Pandox’s preferred model) has an undeserved bad reputation in the market and that it has the potential to generate stronger cashflows compared to other models.
Caroline Tivéus participated in a panel on green finance and ESG as a driver of growth. Pandox has more than MEUR 400 in sustainability-linked loans and the share of total loan volume is growing steadily.
Green loans and strong ESG requirements from lenders will be crucial for refinancing and getting new loans in the medium term. Therefore, together with legislation such as CSRD and SFDR, lenders play a very important role in pushing companies to have roadmaps and transition plans in place.
Jacob Rasin was speaking on a panel of owners, operators and brands discussing the implementation of novel concepts to boost returns from hospitality real estate.
He gave the landlord perspective on brands. “I do think that size works, but you have to do your homework prior to signing a franchise agreement,” he said, noting that he didn’t really want to be a “guinea pig” on brands which might be doomed to fail, such as those with a low penetration in a particular market.
