Eiendomsspar realizes gains, invests in Dalata acquisition consortium

Eiendomsspar announced that the consortium, comprising Pandox AB (91.2%) and Eiendomsspar (8.8%), finalized the acquisition of Dalata Hotel Group plc on November 7, 2025. Following a planned split of Dalata's operations, Pandox will retain 31 owned hotel properties to be leased to Scandic Hotels Group under long-term revenue-based agreements.

Eiendomsspar's direct financial exposure to Dalata involves two key elements. Firstly, the company will receive approximately NOK 1,400 million in cash for its 8.8% Dalata shareholding on November 21, 2025, resulting in a reported accounting gain of approximately NOK 440 million in Q4 2025. This cash will be used to reduce debt and strengthen the balance sheet.

Secondly, Eiendomsspar invested approximately NOK 1,413 million in the acquiring consortium in Q3 2025, aligning with its 8.8% ownership. Post-cash settlement from the share sale, Eiendomsspar's Dalata exposure will exclusively stem from this consortium investment. The acquired Dalata portfolio consists of 31 full-service hotels totaling 6,626 rooms, contributing to Pandox’s strategic expansion in the UK and Ireland.