SVENSKA ENGLISH SEARCH ABOUT PANDOX HOTELS OUR BUSINESS INVESTORS GOVERNANCE PRESS PROPERTY PORTAL History Home About Pandox History ABOUT PANDOX Strategy and vision Organisation Board of directors Executive management Hotel managers Market overview Responsibility CSR projects 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. LIIA NÕU CFO Mobile: +46 70 237 44 04 liia.nou@pandox.se CAMILLA WEINER Head of Investor Relations Mobile: +46 70 752 08 57 camilla.weiner@pandox.se ANDERS BERG Manager Investor Relations Mobile: +46 761 09 05 47 anders.berg@pandox.se Press releases Pandox AB (publ) interim report January – September 2015 November 5 2015, 07:00 Notice of extraordinary shareholders’ meeting in Pandox Aktiebolag (publ) October 27 2015, 08:00 Pandox AB (publ): Clarification following newspaper article regarding Kristiansand and Hafjell October 16 2015, 08:55 Share: Email Facebook 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 104 hotels with approximately 22,000 hotel rooms across eight 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