Pandox has signed an agreement with NorGani Hotels ASA regarding the sale of twelve hotel properties, all of which are located in Sweden.
The total purchase price amounts to SEK 1.1 billion (over 124 million) with a capital gain of SEK 400 million (approx. 45 million).
"The sale further strengthens Pandox financially and the focus on major international hotel markets continues", says Anders Nissen, CEO of Pandox AB.
Source: Pandoz
