Pandox AB Enters Agreement with Nordic Choice to Assume Operations of Quality Hotel & Resort Kristiansand

Pandox | February 4, 2016

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...