Pandox Sells Seven Hotels for SEK 2,100 Million
The Denmark and Sweden sales were completed in two separate transactions at prices above current book value.
Updated on Nov. 6, 2026 in Hotels
Pandox sold seven hotels in Denmark and Sweden for SEK 2,100 million, with all properties sold above their current book value. The transactions were split between Alma Property Partners, Midstar AB and Västerkulla Hotell Holding AB.
Why it matters
The sales reshape Pandox's footprint, leaving it with just three hotels in Denmark while it absorbs the Dalata Hotels business and loses nine leased hotels in Germany to Revo Hospitality. The moves reflect a portfolio being reshaped across Europe.
Pandox owns 191 hotels across Europe totaling around 42,400 rooms, and the seven hotels sold were all priced above their current book value. Fourth quarter results will be measured against tough 2025 comparables, and the company has not detailed how the proceeds will be used.
The players
Pandox
Pandox is a European hotel real estate company that owns and leases hotels across the continent.
Dalata Hotels
Dalata Hotels is an Irish hotel operator whose business Pandox is absorbing, including Maldron and Clayton branded hotels.
Revo Hospitality
Revo Hospitality is a German hotel operator that leased nine Pandox hotels before its business entered receivership.
The details
Five Danish hotels, including four Scandic properties in Sluseholmen, Hvidovre, Kolding and Glostrup and Motel One Copenhagen, were acquired by Alma Property Partners and Midstar AB. Scandic Hallandia and Scandic Kalmar Vast in Sweden were sold to Västerkulla Hotell Holding AB.
Timeline
2025 is the comparable period against which Pandox's fourth quarter results will be measured.
Third quarter 2026 results showed lease revenues up 37% and EBITDA up 30%.
Early 2027 is when the Bodo, Norway hotel will be branded as a Strawberry property.
Market Landscape
Pandox is reshaping its European hotel portfolio by absorbing the Dalata Hotels business while losing leased properties to the collapse of Revo Hospitality. The sales of Danish and Swedish hotels mark a further step in trimming holdings while keeping a portfolio of roughly 191 hotels across the continent.
Travelers booking Pandox-branded or Scandic hotels in Denmark, Sweden and Norway may see changes in ownership and branding over the coming months. The Bodo, Norway property will transition to Strawberry in early 2027, which could affect booking options there.
The takeaway
Hotel portfolios are being actively reshaped across Europe through sales, rebrandings and operator takeovers. Travelers planning stays in affected cities should check current branding and ownership before booking.
What happens next
Pandox's fourth quarter results will be reported against tough 2025 comparables, and the Bodo, Norway hotel is scheduled to be branded as a Strawberry property in early 2027.
Further reading
For broader context on hotel portfolio changes, explore Hotels coverage.
Source note: This article includes information reported by THP News.
