UK: Real estate investment company Aprirose has sold The Queens Hotel in Leeds to hotel owner Pandox for £53 million.
Canada: Hotel owner and operator Pandox has entered into an agreement to sell the InterContinental Montreal for approximately $80 million CAD.
EU: Anders Nissen, CEO of Pandox, has passed away after falling ill from Covid-19. A statement released by Pandox dated 30 May 2021 revealed that Nissen had died after a short period of illness. Nine days prior, Nissen was undergoing medical treatment as a result of Covid-19. He had been
Sweden: Scandic Hotels Group has signed a lease agreement with hotel owner Pandox to open the second Scandic Go property in Stockholm next year.
The editorial team at IHM (publisher of Boutique Hotel News) highlight the charitable efforts of travel and hospitality companies in response to the Ukraine invasion.
UK: Aprirose has appointed PwC to seek a potential buyer for the QHotels collection, which comprises 20 four-star properties across the United Kingdom. Property investor Aprirose spent £525 million acquiring the QHotels portfolio in 2017. Since then, a number of individual assets have been sold, including the flagship Manchester Midland
Andrew Harrington, partner at AHV Associates, gives an overview of the last month’s financial activity across the hospitality sector. The AHV Hospitality Index increased by a remarkable 22% in the last month, surpassing the Pre-covid-19 levels, and outperformed the broader European indices. This reflects investors expectation of a significant rebound
Andrew Harrington of AHV Associates outlines some of the key M&A trends in the European hospitality sector. In the last few years, the European hospitality industry has seen a big increase in cross-border M&A. We therefore thought it instructive to review and examine in more detail these transactions and highlight
Andrew Harrington of AHV Associates outlines some of the key M&A trends in the European hospitality sector. In the last few years, the European hospitality industry has seen a big increase in cross-border M&A. We therefore thought it instructive to review and examine in more detail these transactions and highlight
Andrew Harrington of AHV Associates looks at the increasing levels of merger and acquisition activity in the hospitality sector. As the world continues to experience relatively low interest rates, excessive liquidity and high stock prices, M&A activity has reached record levels. In the first nine months of 2018, deals worth
