Vinge has advised Pandox AB (publ), acting as local counsel in the negotiations with the creditors regarding a MSEK 3,700 loan in connection with Pandox AB (publ)’s acquisition of 18 hotel properties in Germany.
The acquired hotel portfolio was expected to contribute approximately MSEK 150 in cash revenues in 2016. The hotels fall within the upper middle class segment and are primarily operated under the trademark Leonardo Hotels. The sellers are Leopard Group and Fattal Hotels.
The transaction is conditional upon approval from the salient German public authorities.
Vinge’s team consisted of Mikael Ståhl, Helena Håkansson, André Isacson and Isabelle Jengsell.
