Cases & Deals

Pandox AB purchases two hotel properties in Hanover and The Hague (Netherlands)

Client(s) Pandox AB

Jones Day advised Pandox AB on the €83 million purchase of two hotel properties and the respective hotel operations in Hanover and The Hague (Netherlands) from Grape Hospitality. The transaction involves hotels under the Novotel brand with a total of 421 rooms. The transaction also includes the conclusion of two management contracts between Pandox and Grape Hospitality with regard to the future management of the hotels.