January 2025
Pandox
HOTELINTEL Consulting is proud to have acted as the exclusive advisor to Pandox (one of
Europe’s largest hotel property owners) in their search for a long-term strategic operating partner for the 100-room Hotel Hubert in central Brussels.
After a competitive process, with very strong interest from a variety of hotel operators, Pandox
has signed the new long-term lease agreement with the well-established German Hotel operator Numa, contributing to a significant increase in the property’s net operating income and value. The agreement is effective as of April 1 st 2025.
Since 2017, after a thorough renovation and repositioning, Pandox has successfully run Hotel
Hubert under its own management with good profitability and value development. The new
lease agreement contributes to a significant increase in the property's net operating income and value.
Hotel Hubert, with its 100 rooms, enjoys a prime location in central Brussels, near the central
station and Grand Place. The property is BREEAM certified and caters to both leisure and
business travellers.
Quote from the press release:
"We are pleased to welcome Numa as a new tenant. The lease agreement is competitive and a
confirmation of our ability to create value by acquiring, developing and improving underperforming hotel properties in an international environment", stated Liia Nõu, CEO.
About Pandox
Pandox owns, develops, and leases hotel properties to skilled hotel operators under long-term,
turnover-based leases with minimum guaranteed levels. Since our inception in 1995, we have
grown into one of the largest hotel property owners in Europe. Our portfolio consists of 162 hotel properties with approximately 36,000 rooms across 11 countries in Northern Europe. The
portfolio's market value is approximately SEK 75bn. The head quarter is in Stockholm, and we are listed on Nasdaq Stockholm. www.pandox.se
About Numa
Berlin-based NUMA Group is the leading European operator of a fully digitized hospitality
platform. The company offers modern travelers innovative design apartments and boutique
studios. As a reliable partner for investors, owners and developers, NUMA uses proprietary
technology-based operator solutions that largely automate operational processes and increase cost efficiencies and revenues. NUMA successfully operates more than 8,000 units in European A-cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna.
