Brief: Pandox Acquires Hotel In The UK For Approximately MGBP 40

Pandox AB

20/07/2023 06:24

July 20 (Reuters) - Pandox AB  PANDXb.ST :
    * PANDOX ACQUIRES HOTEL IN THE UK FOR APPROXIMATELY MGBP 40
    * HOTEL WILL BE REPORTED UNDER BUSINESS SEGMENT OPERATOR
ACTIVITIES
    * TOTAL ACQUISITION PRICE, INCLUDING CERTAIN TARGETED VALUE
INCREASING INVESTMENTS, AMOUNTS TO APPROXIMATELY MGBP 40 AND
WILL INITIALLY BE FINANCED BY CASH AND EXISTING CREDIT
FACILITIES
    * SELLER IS A CONTROLLED AFFILIATE OF STARWOOD CAPITAL GROUP
    * EXPECTS HOTEL TO GENERATE A STABILISED YIELD OF
APPROXIMATELY 10
PERCENT

Source text for Eikon:  ID:nWkr5L7SWn 
Further company coverage:  PANDXb.ST 

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