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Pandox AB ( ($SE:PNDX.B) ) has shared an update.
Pandox AB has completed the previously announced divestment of the Crowne Plaza Antwerp hotel, including both the property and operating business, for approximately EUR 19 million. The 262-room hotel, which generated around EUR 11 million in revenue in 2024 and was reported within Pandox’s Own Operations segment, will now leave the group’s portfolio, marking a continued reshaping of its asset base and revenue mix as the company refines its focus on core holdings and leasing model.
The most recent analyst rating on ($SE:PNDX.B) stock is a Hold with a SEK201.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.
More about Pandox AB
Pandox AB is one of Europe’s largest hotel property owners, specialising in owning, developing and leasing hotel properties to established hotel operators under long-term, turnover-based leases with minimum guaranteed levels. Founded in 1995 and headquartered in Stockholm, the company manages a portfolio of 193 hotel properties with around 43,000 rooms across 11 Northern European countries, with a total market value of approximately SEK 90 billion, and is listed on Nasdaq Stockholm.
YTD Price Performance: -5.42%
Average Trading Volume: 170,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK37.36B
Learn more about PNDX.B stock on TipRanks’ Stock Analysis page.