Pandox AB has completed the acquisition of seven hotel properties with a total of 1,532 rooms in Germany, which was announced 22 November 2019.
The total transaction value amounts to approximately MEUR 290, excluding minority. The hotel properties are reported in the business segment Property Management per 11 December 2019.
For more information about the acquired hotel properties, please see the press release from 22 November 2019 when the acquisition was announced.