The Swedish hotel chain Pandox is planning to acquire 18 Leonardo hotels across Germany with a total of 3,415 rooms from Fattal. The €400m deal includes full-service, upper mid-market hotels in 12 German cities. Two of the hotels, operating as Holiday Inns are located in Frankfurt Airport and Düsseldorf Airport and will be rebranded to Leonardo hotels when the transaction is concluded at the end of the year. The other hotels are located in Düsseldorf, Hannover, Wolfsburg, Hamburg, Köln, Heidelberg and other cities.
