Pandox AB (publ) has signed a new lease with Scandic Hotels Group for a new Scandic Go at Fridhemsplan in Stockholm. The lease, which will come into force during the second half of 2024, is revenue-based with a minimum guaranteed level and long term. During 2023 the hotel will continue to be operated under a fixed lease with the current operator.

It will then close for renovation and reopen late summer 2024 as a Scandic Go with Scandic as tenant. Technical investments are an important part of the renovation to enable a BREEAM certification of the hotel property.