Pandox AB (publ) has signed an attractive lease agreement with the operator Strawberry and the Hobo brand. Pandox continues to run the day-to-day hotel operations until the renovation project has been completed and the new lease comes into force, which is expected to take place in the second half of 2024. The new lease is revenue-based with an index, guaranteed minimum level, and long term.

Pandox has owned the hotel property since 2010 and has operated the hotel since April 2020. The hotel has 203 rooms and is located in the heart of Copenhagen surrounded by historical and cultural landmarks such as Tivoli, City Hall, Stroget, Glyptoteket Museum and more.