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Pandox logo
Pandox logo
Hotel interior with bedroom, a bed and desk infront of a blue wall

Our business

Leases

Leases are the core of our business. Our long-term leases are revenue-based, with good guaranteed minimum levels, shared risk and stable earnings.

Own Operations

Within the Own Operations segment we operate hotels in properties that we own. This is an important aspect of our active ownership model. It provides us with valuable flexibility for acquiring and repositioning hotel properties with the aim of creating value through new leases or realising value through divestment.

Share of Pandox total (2023)

Market value
83%
17%
Net sales
54%
46%
Net operating income
82%
18%

A crucial strategy for Pandox involves acquiring hotels that are not performing well and enhancing their value through strategic investments, repositioning, and improving operational efficiency.

Learn about keys to value creation
Rent income per country, Leases (2023), MSEK
967
851
795
306
246
227
73
235
Revenue per country, Own Operations (2022)
1,181
728
637
406
87
48
40

Strong position in domestic markets

Pandox's portfolio spans 90 cities across 11 countries, showcasing a strong diversification. A significant portion of the hotels, about 80%, are located in domestic and regional cities, primarily catering to local demand.

Our markets
Scandic Helsinki