Pandox signs new lease agreement with Strawberry for hotel property in Bodø

Pandox has signed a new long-term revenue-based lease agreement with the hotel operator Strawberry for a hotel property in Bodø, Norway. The lease agreement is scheduled to enter into force on January 1, 2027, when the current agreement with Radisson Hotel Group expires. The new lease agreement is attractive and will have a positive impact on the market value of the hotel property.

"We are pleased to strengthen our collaboration with Strawberry and to welcome them as a new tenant in one of our two hotel properties in Bodø. The interest from hotel operators in running the hotel has been strong, which confirms the city's attractiveness and good growth conditions. Together with Strawberry, we see good opportunities to further develop the hotel and strengthen its position in a growing market," says Tobias Ekman, SVP Asset Management Nordics at Pandox.

To increase the hotel's attractiveness, Pandox and Strawberry will jointly renovate the entrance and lobby.

The hotel has 191 rooms in a central location in Bodø, close to the airport, train station and city attractions. The hotel is a full-service hotel with a combination of meeting, business and leisure travellers. The hotel is currently operated under the Radisson Blu Bodø brand and will change its name to Clarion Hotel Bodø with the new lease agreement.

Pandox also owns the hotel property Scandic Bodø with 136 rooms in the city.

Facts about the hotel
Rooms: 191
Floors: 13
Sqm: 15,546
Meeting rooms: 17 with a total capacity of 700 people

FOR MORE INFORMATION
Liia Nõu, CEO, +46 (0) 8 506 205 50
Anneli Lindblom, CFO, +46 (0) 765 93 84 00
Anders Berg, SVP Head of Communications and IR, +46 (0) 760 95 19 40

About Pandox
Pandox owns, develops, and leases hotel properties to skilled hotel operators under long-term, turnover-based leases with minimum guaranteed levels. Since our inception in 1995, we have grown into one of the largest hotel property owners in Europe. Our portfolio consists of 191 hotel properties with approximately 42,400 rooms across 11 countries in Northern Europe. The portfolio market value is approximately SEK 95bn. The head quarter is in Stockholm, and we are listed on Nasdaq Stockholm.  www.pandox.se