Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Pandox AB ( ($SE:PNDX.B) ) has shared an announcement.
Pandox AB has moved to address tenant risk in Germany after Revo Hospitality Group, formerly HR Group and one of its German tenants, entered a self-administration procedure under the German Insolvency Act following rapid expansion. The Swedish hotel property owner emphasized that its exposure is limited to leases on nine German hotels with 1,859 rooms—around 4% of its total room stock—primarily branded Dorint and Mercure, and backed by bank guarantees equal to a year’s rent. Pandox is already evaluating alternative options for these assets, including finding new tenants or operating the hotels itself during any transition, and currently expects only limited financial impact and no change to the properties’ valuations, underscoring the resilience of its portfolio and business model for stakeholders.
The most recent analyst rating on ($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, owning, developing and leasing hotel assets to professional operators under long-term, turnover-based contracts with minimum guaranteed rent. Founded in 1995 and listed on Nasdaq Stockholm, the company manages a portfolio of 193 hotels with around 43,000 rooms across 11 Northern European countries, valued at about SEK 90 billion and operated mainly by third-party hotel brands.
Average Trading Volume: 163,214
Technical Sentiment Signal: Buy
Current Market Cap: SEK39.12B
See more insights into PNDX.B stock on TipRanks’ Stock Analysis page.