Pandox to sell seven hotels in Denmark and Sweden for SEK 2.1 billion

what happened

According to TradingView, Pandox has agreed to sell seven hotel properties in its Leases segment, with 1,248 rooms in total, in Denmark and Sweden. The deal is split into two separate transactions. The combined underlying property value is about SEK 2.1 billion before deferred tax, which is above the book value as of September 30, 2026 and September 30, 2025.

In Denmark, a company jointly owned by Alma Property Partners and Midstar AB is the buyer for five hotels with 928 rooms, valued at DKK 1,155 million, or roughly SEK 1.7 billion. In Sweden, Västerkulla Hotell AB will acquire two hotels with 320 rooms for SEK 369 million. The divestments are expected to close in the fourth quarter of 2026.

why it matters

The sales were made above book value and will reduce the company's debt, according to CEO Liia Nõu, who said they reflect growing interest in hotel property. The seven hotels generated annual net operating income of about SEK 130 million. The transactions are part of the potential Nordic divestment program Pandox announced earlier in 2026.

market impact

Nordic hotel real estate: sales above book value signal demand for assets, and lower debt supports Pandox shares

tags

instruments