Pandox has acquired four hotels in Denmark, offering a total of 728 rooms, via its stakeholder company Norgani. The acquisition price is DKK 580 million (approx. €77 million).
This hotel portfolio includes three hotels in Copenhagen Scandic Hviderod, Scandic Klostrop, First Copenhagen and Scandic in Kolding.
Pandox will own nine hotels in Denmark following the acquisition, of which eight will be in Copenhagen.