SVENSKA ENGLISH SEARCH ABOUT PANDOX HOTELS OUR BUSINESS SUSTAINABILITY INVESTORS GOVERNANCE PRESS EVENTS PROPERTY PORTAL History Home About Pandox History ABOUT PANDOX Strategy and vision Organisation Board of directors Executive management Hotel managers Market overview Pandox spirit History Contact Hotel Market Day Pandox was founded in 1995 by Securum and Skanska. Securum and Skanska’s mission was to take over and restructure a hotel portfolio and prepare it for a subsequent divestment. In the beginning, Pandox portfolio comprised 18 properties and three small hotel operations. All of the hotels were located in Sweden, and with a mix of small and large hotel properties in various conditions and situations. Following the foundation of the company, the business model of Pandox was implemented on an asset-by-asset basis with divestment of non-strategic properties, restructuring of the agreement structure, capital investments and expansion of the geographical footprint. 1997 Pandox was listed on the Stockholm Stock Exchange. The Company’s portfolio was valued at SEK 1.3 billion and the market capitalization was SEK 520m. The initial public offering resulted in 4,000 new shareholders, and after the listing Pandox expanded rapidly with acquisitions of large hotels in strategic locations. Smaller hotels and hotel operations were divested. 2000 Pandox expanded its geographical footprint to other parts of Northern Europe through the acquisition of Hotellus, the property owning company of Scandic, with a total of 16 hotel properties. 2004 Pandox was acquired by the industrial investors Eiendomsspar AS and Sundt AS through a public offer. The shares were subsequently de-listed. After the privatisation, Pandox grew in scale as it acquired several large hotels in Berlin, Brussels, Basel, Copenhagen, Stockholm and Malmö. 2005 The Company divested 12 hotel properties to Norgani Hotels. 2007-2008 Pandox continued its international expansion with two hotel acquisitions in Montreal, Canada. 2010 Pandox announced the acquisition of Norgani Hotels, with a portfolio of 72 hotel properties across Sweden, Finland, Norway and Denmark, in a deal valued close to SEK 10 billion. As a result of the acquisition, the Company became one of Europe’s leading hotel property companies. Following the acquisition of Norgani Hotels, the Company, together with the largest tenant, Scandic, agreed on a SEK 1.6 billion investment program (Project Shark), covering 40 hotel properties in the Nordic region. 2014 Pandox divested a portfolio of 14 hotels in Sweden to Fastighets AB Balder, in addition to the Hilton Docklands Hotel in London which was sold to to H.I.G. Capital. Total proceeds from the divestments amounted to approximately SEK 2.7 billion, or approximately 12% above estimated market value. 2015 Pandox B shares were listed on Nasdaq Stockholm on 18 June 2015 for the second time in the Company’s history. Pandox also celebrated 20 years as a leading hotel property company. Pandox acquired 18 hotel properties, the majority under the Leonardo Hotels brand in Germany, for the equivalent of around MSEK 3,654. As part of the settlement Pandox signed 25-year revenue -based leases with good guaranteed rent levels with the hotel operator Fattal Hotels. A review of the sustainability work, which is based on the Company’s financial responsibilities, environmental responsibilities and social responsibilities, was initiated. 2016 Pandox acquired eight hotel properties in Europe, four in Germany, two in Austria, one in the Netherlands and one in Belgium. The acquisitions further strengthened Pandox market position in Germany and Belgium as well as established Pandox in two new countries - Austria and the Netherlands. The portfolio was streamlined through the divestment of eight smaller hotel properties in Sweden. The strategy and the business model were confirmed by lease extension of 19 hotel properties in the Nordic region as well as by a new twenty-year revenue-based lease for Urban House Copenhagen with MEININGER. In December Pandox completed a directed share issue which added just over MSEK 1,000 to Pandox’s cash position. LIIA NÕU Executive Senior Vice President and CFO Mobile: +46 70 237 44 04 liia.nou@pandox.se ANDERS BERG Director of Communications and IR Mobile: +46 760 95 19 40 anders.berg@pandox.se Press releases Pandox AB receives positive verdict in civil case regarding claims against former lessee and may claim compensation through the bankruptcy proceedings October 11 2017, 08:00 Invitation to the Pandox Hotel Market Day 2017 September 20 2017, 10:00 Pandox Aktiebolag (publ) nomination committee for the AGM 2018 September 1 2017, 16:45 Share: Email Facebook LinkedIn Twitter ABOUT US Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio comprises 122 hotels with approximately 27,000 hotel rooms in eleven countries. The Company QUICK LINKS About Pandox Hotels Our business Investors Governance Press Contact Strategy and vision Pandox for investors FOLLOW US CONTACT US Pandox AB (publ) Vasagatan 11, 9th floor 101 20, Stockholm Sweden Show on map Tel +46 8 506 205 50 Fax +46 8 506 205 70 Email info@pandox.se Show all contacts