Pandox has agreed to sell the hotel property housing Scandic Alvik in Stockholm to SPP Fastigheter for an underlying property value of SEK644m, the Swedish hotel property owner said on 11 November 2026.
Why SPP Fastigheter AB (managed by Storebrand Real Estate) is buying Scandic Alvik hotel property, Stockholm (from Pandox)
Pandox said the sale lets it realise value created through active ownership and development, and release capital to reduce debt and create financial headroom. Fastighetsvärlden reported that the deal takes SPP Fastigheter, managed by Storebrand Real Estate, to three hotel properties.
“The divestment allows us to realise this value and release capital that can be used to reduce debt and create financial headroom for the company’s continued development”
Deal terms and financing
The SEK644m underlying property value is before deduction of deferred tax and slightly above book value at both 30 September 2026 and 30 September 2025. The 330-room hotel generates annual net operating income of about SEK34m.
Regulatory approvals and timing
The transaction is expected to complete in December 2026.
Market context
The sale follows Pandox's October agreement to sell seven Danish and Swedish hotels for about SEK2.1bn, as the group reduces debt after taking on Dalata's property portfolio.
