Pandox completes sale of Dalata hotel operations to Scandic for €500m EV

Pandox AB has completed the sale of the hotel operations business of Dalata Hotel Group to Scandic Hotels Group AB, based on an underlying enterprise value of €500 million. Proceeds fully repaid financing provided by DNB Bank ASA, and Pandox retains 32 hotel properties in Ireland and the UK under new 30-year revenue-based leases with Scandic.

Detected & updated continuously · Source: Nebula