Pandox—A Hotel Owner-Operator’s Smorgasbord of Options

Pandox—A Hotel Owner-Operator’s Smorgasbord of Options

  • Case
  • Teaching Notes

This case study discusses Pandox, a large Swedish hotel owner and operator, listed on the Nasdaq Stockholm exchange. The business model can be described as pragmatic: there is a clear focus on property ownership and leasing out to operators, but the company also engages in operations themselves – independently or as a franchisee, or as the principal in a management agreement, and, more recently, as a lessee-operator. This makes Pandox a prime case subject for teaching students the principles of the wide array of ownership and operator structures in the hotel industry today.

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