Aareal Bank Finances €406 Million for Pandox's Hotel Portfolio

Aareal Bank AG has arranged a €405.57 million financing for Pandox AB's portfolio of 13 hotel properties. Pandox, a leading hotel property company, owns 3,458 rooms across eight major European cities, including Amsterdam and Vienna. This transaction emphasizes the bank's focus on prime hospitality markets.

The loan includes "Green" financing, with several assets rated “Very Good” or “Excellent” by BREAM. Most hotels operate under long-term leases with notable operators like NH Hotel Group and Radisson Hotel Group.

This financing supports Pandox's strategy for asset management and portfolio optimization, aligning with its sustainable growth goals. The deal, closed on 31 March 2026, had Aareal Bank as the arranger, agent, and advisor.