US EditionPandox enjoys positive start to 2025
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Pandox enjoys positive start to 2025
Swedish hotel landlord Pandox enjoyed a stable first quarter to 2025, with total revenues up 1%, but down 1% like for like, as renovations affected the portfolio. Performance through the first three months of 2025 mapped the growth experienced in the same period of 2024. Hotels in Norway performed strongly, up 13% in the regions while in Oslo, room rates were up 16% with occupancy 11% ahead. A growing portfolio Pandox finished the quarter with 1…
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