Pandox completes sale of Dalata hotel operations to Scandic

Bitget2026/11/02 14:11

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Pandox completed the sale of Dalata’s hotel operations business to Scandic.
The underlying enterprise value is EUR 500 million; final cash consideration remains subject to cash, debt and working capital adjustments.
Sale proceeds were used in full to repay financing provided by DNB Bank.
A EUR 665 million acquisition facility remains outstanding, with refinancing planned as soon as possible.
The retained portfolio comprises 32 hotels in Ireland and the UK, under 30-year revenue-based leases with Scandic featuring minimum-guaranteed rents.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pandox AB published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pandox completes sale of Dalata hotel operations to Scandic

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