• Pandox Sweden sale

Investor Pandox has sold a portfolio of 14 Swedish hotels to Fastighets AB Balder for SEK2.2bn. The deal includes nine Scandic hotels, two Quality branded properties, a Park Inn, Clarion and Best Western.

The transaction leaves Pandox with 105 hotels in its portfolio, plus one congress centre and 16 hotel operations, spread across nine countries. The deal is expected to complete in the second quarter.
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