Pandox

Pandox was founded in Sweden in 1995 by Securum and Skanska, with the mission to restructure a distressed hotel portfolio and recover its value. What began with 18 properties, all located in Sweden and in widely varying condition, has since grown into one of Northern Europe's leading hotel property companies.

From restructuring to expansion

Pandox's original business model was implemented asset by asset: divesting non-strategic properties, restructuring agreements, investing capital in the hotels it kept, and steadily expanding its geographical footprint. The company listed on the Stockholm Stock Exchange in 2015, resulting in 4,000 new shareholders and fuelling further international expansion, following earlier landmark acquisitions such as the InterContinental Montreal in 2007.

Two business segments

Pandox today operates through two clearly distinct parts of the business:

• Leases, the core segment, where properties are let to strong operators under mainly long-term, revenue-based agreements
• Own Operations, the smaller segment, where Pandox runs hotel operations directly in properties it owns
• Around 190 hotels across 11 countries, with roughly 42,000 rooms in total
• Tenants including Scandic, Strawberry and Leonardo Hotels

Present where demand is local

Pandox deliberately focuses on sizeable hotels in key leisure and corporate destinations, mainly in locations dominated by domestic and regional demand across some ninety cities. Its stated vision is to become one of the world's leading hotel property companies, most recently expanding through the acquisition of Dalata Hotel Group in 2025.

Culture

• Empowered and autonomous: employees given clear authority within their roles
• Nordic values, global reach: a Swedish founded culture applied across an international portfolio
• Fast moving, strong culture: an agile, business-driven approach to hotel property management
• Pepper the dog: a playful company symbol reminding colleagues to enjoy their work

Human Resources

Pandox believes its true strength lies in its people, committing to continuous skills development and career planning for every team member.

• Expertise areas spanning hotel development, finance, transactions and business intelligence
• An agile, creative, business-driven corporate culture
• A diverse team reflecting the international character of the hotel industry