Pandox AB has entered into an agreement to acquire The Midland Manchester - an iconic upper premium hotel with 312 rooms in the heart of Manchester, UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal re-organization, will retain the property and the hotel operations will be transferred to Fattal. The total transaction value amounts to approximately GBP 115m, whereof the value of the hotel property amounts to GBP 102m.
