{"id":240601,"date":"2023-03-01T06:58:00","date_gmt":"2023-03-01T05:58:00","guid":{"rendered":"https:\/\/www.travelreport.se\/?p=240601"},"modified":"2023-03-01T06:58:00","modified_gmt":"2023-03-01T05:58:00","slug":"pandox-buys-hotel-in-stockholm-for-400-million","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/pandox-koper-hotell-i-stockholm-for-400-miljoner\/","title":{"rendered":"Pandox buys hotel in Stockholm for 400 million"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Hotel property company Pandox has acquired and taken over Best Western Hotel Fridhemsplan in central Stockholm, according to a press release.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The total acquisition price, including a major investment program, amounts to approximately SEK 400 million with an expected stabilized yield of approximately 7 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201d&quot;We are pleased to have made our first acquisition in Sweden in many years. The hotel property has a strong location from a leisure and business perspective and has great development potential. We look forward to creating a modern and inspiring hotel product together with a new tenant and increasing the value of the hotel property,&quot; comments Liia N\u00f5u, CEO of Pandox, according to the press release.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The hotel will be operated under a fixed lease agreement with the current operator in 2023, then renovated and reopened in the second quarter of 2024 with a new concept.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In connection with this, a new lease agreement with a new hotel operator will come into effect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0The acquisition will be reported under the property management business segment and initially financed by cash and existing credit facilities, it said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: Dagens Industri<\/p>","protected":false},"excerpt":{"rendered":"<p>Hotellfastighetsbolaget Pandox har f\u00f6rv\u00e4rvat och tilltr\u00e4tt Best Western Hotel Fridhemsplan i centrala Stockholm, enligt ett pressmeddelande. Totalt f\u00f6rv\u00e4rvspris inklusive\u00a0ett st\u00f6rre investeringsprogram uppg\u00e5r till cirka 400 miljoner kronor med en f\u00f6rv\u00e4ntad stabiliserad direktavkastning om cirka 7 procent. \u201dVi \u00e4r glada \u00f6ver att ha gjort v\u00e5rt f\u00f6rsta f\u00f6rv\u00e4rv i Sverige p\u00e5 m\u00e5nga \u00e5r. Hotellfastigheten har ett starkt [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[573,324,574,193],"class_list":["post-240601","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-best-western-hotel-fridhemsplan","tag-tag-hotell","tag-pandox","tag-tag-turism"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pandox k\u00f6per hotell i Stockholm f\u00f6r 400 miljoner &#8211; Travel Report<\/title>\n<meta name=\"description\" content=\"Pandox k\u00f6per hotell i Stockholm f\u00f6r 400 miljoner \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.travelreport.se\/en\/pandox-buys-hotel-in-stockholm-for-400-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pandox k\u00f6per hotell i Stockholm f\u00f6r 400 miljoner &#8211; 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