- Showcases strength of AIB UK’s long-standing relationship with Pandox
- Goodbody (AIB Group) acted as sole financial advisor on the acquisition
- Financing supports Pandox’s sustainable growth journey
London, 24 February 2026: Pandox AB, one of the largest owners of hotel real estate in Northern and Western Europe, has secured a €150 million financing package from AIB to support its acquisition of the Dalata Group portfolio. This transaction further strengthens AIB’s European footprint and highlights the bank’s deep sectoral expertise across hotels and hospitality. The financing was delivered through seamless collaboration between AIB and Goodbody, demonstrating the breadth and capability of AIB’s integrated offering.
Pandox AB, listed on Nasdaq Stockholm with a market capitalisation of €3.62 billion (£3.14 billion), acquired the Dalata portfolio of 31 owned hotel properties across 11 cities in Ireland and the UK. The €1.4 billion acquisition strengthens its position as a leading European hotel real estate owner, adding 6,626 rooms and expanding its footprint in key markets, bringing its total number of properties to 193.
Cathal O’Connor, Head of UK Corporate Banking and Asset Based Lending at AIB said: “We are delighted that Pandox chose AIB to support them with this €150 million facility, building on a strong and trusted relationship that continues to go from strength to strength. Pandox has a clear and compelling growth strategy, underpinned by high-quality assets and a strong commitment to ESG-focused investment. Supporting Pandox’s continued expansion across key European markets further reinforces our expertise in the hotels and hospitality sector and our growing European footprint.”
Cathy Bryce, MD of AIB Capital Markets said: “Dalata has been a long‑standing and highly valued AIB customer, and we are proud to have supported their growth over many years. This transaction marks an important milestone, bringing together two highly respected players in the European hotel market. Our role in facilitating this transition reflects AIB’s deep sector expertise and our ability to deliver for clients navigating significant strategic change. We look forward to supporting Pandox as they advance their plans for this portfolio.”
Liia Nõu, CEO,at Pandox, added: “This financing marks an important milestone for Pandox as we continue to execute on our long-term growth strategy across Northern and Western Europe. AIB has been a trusted banking partner for many years, and their “one bank” approach and deep sector expertise have been instrumental in supporting our ambitions.”
Goodbody acted as the sole financial advisor to Pandox AB on the acquisition, reinforcing the strength of AIB’s combined financing and advisory offering.
