Pandox Operations (STO:PNDXB) has entered into an agreement with Nordic Choice Hotels to take over operations at one of Southern Norway’s leading conference hotels, Quality Hotel & Resort Kristiansand, a hotel property already owned by Pandox. As of 28 May 2016, Pandox will operate the hotel under the brand Thon Hotels.
“When our partner Nordic Choice Hotels decided to not extend the lease agreement for the property, it was a natural step for Pandox to also assume the role of operator. Taking over of operations is in line with our strategy to safeguard the value and development of the hotel property. Our cooperation with Thon Hotels is very promising and we are convinced our new partnership will increase our customer base”, says Helge Krogsbøl, Vice President Pandox Operations Scandinavia.
Quality Hotel & Resort Kristiansand in Norway is a full service hotel with 210 modern rooms of good standard, and it is one of Southern Norway’s leading conference hotels. The hotel is family friendly with an outdoor swimming pool and a location close to the Kristiansand Zoo.
The hotel will be the second Pandox hotel in Norway to be branded Thon Hotels. Since 1 January, 2016, Hotel Fagernes is also operated under this brand.
Pandox takes over operations 28 May, 2016, and will then reclassify the hotel from Property Management to Operator Activities.
Pandox AB (publ) is required to publish this information under the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on 4 February 2016 at 16:45 CET.
