Accor announced today the acquisition of a French hotel portfolio of 43 properties (4,237 rooms) from Foncière des Régions for €281m. Half of the hotels are located in cities of less than 300k inhabitants. The hotels (under the ibis budget, ibis, Novotel, Mercure, Pullman and Sofitel brands) were formerly operated under variable lease contracts since 2005 and 2007. The deal is due complete in H1 16. Also, HotelInvest has extended lease contracts for a further period of 12 y
19 Oct 2015
HotelInvest restructuring: 43 French hotels purchased for €281m
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HotelInvest restructuring: 43 French hotels purchased for €281m
Accor SA (AC:WBO) | 0 0 0.3% | Mkt Cap: 13,333m
- Published:
19 Oct 2015 -
Author:
Bérénice Lacroix -
Pages:
2
Accor announced today the acquisition of a French hotel portfolio of 43 properties (4,237 rooms) from Foncière des Régions for €281m. Half of the hotels are located in cities of less than 300k inhabitants. The hotels (under the ibis budget, ibis, Novotel, Mercure, Pullman and Sofitel brands) were formerly operated under variable lease contracts since 2005 and 2007. The deal is due complete in H1 16. Also, HotelInvest has extended lease contracts for a further period of 12 y