Pandox said on 22 October 2026 that it had agreed to sell seven hotel properties in Denmark and Sweden, with 1,248 rooms, for an underlying property value of about SEK2.1bn.
Why Alma Property Partners and Midstar AB (Denmark); Västerkulla Hotell AB (Sweden) is buying Seven Pandox hotel properties in Denmark and Sweden
Pandox said the sales were part of its previously communicated Nordic divestment process, reflected growing interest in hotel properties and would reduce its debt.
“The divestments combined are made above book value and they reflect a growing interest in hotel properties”
Deal terms and financing
Five Danish hotels go to a company jointly owned by Alma Property Partners and Midstar for DKK1,155m, and the Hallandia hotel in Halmstad and Kalmar Väst go to Västerkulla Hotell for SEK369m. The price is above book value at 30 September 2026; the hotels generate annual net operating income of about SEK130m.
Regulatory approvals and timing
Completion is expected in the fourth quarter of 2026.
Market context
The Danish properties are Motel One Copenhagen, Scandic Sluseholmen and hotels in Glostrup, Hvidovre and Kolding.
