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Accor's Sofitel Paris La Défense Under a $28.7 million
Sale & Management-Back Agreement


Hotel will Continue to be Operated by Accor Under a Long Term Management Contract

December 2012 - As part of its asset management strategy, Accor announces the sale of the Sofitel Paris La Défense under a sale and management-back agreement, for a total value of €22m (€144,000 per room). The hotel will continue to be operated by Accor under a long-term management agreement.

The acquisition is carried out jointly by Amundi Real Estate, a leader in third-party real estate asset management, and Algonquin, a hospitality investor and asset manager, which already owns 7 hotels operated by Accor through management or franchise contracts in France and the United Kingdom.

This operation highlights once again the Group’s ability to deliver its asset management strategy, in partnership with leading investors.

Accor, the world's leading hotel operator and market leader in Europe, is present in 92 countries with nearly 3,500 hotels and 440,000 rooms. Accor's broad portfolio of hotel brands – Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, Ibis, ibis Styles, ibis budget and hotelF1 – provides an extensive offer from luxury to budget. With more than 160,000 employees in Accor brand hotels worldwide, the Group offers its clients and partners nearly 45 years of know-how and expertise.

*Including 145,000 in owned, leased and managed hotels
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Media Contact:

Agnès Caradec
Senior Vice President, Corporate Communications
& External Relations
Phone: +33 (0)1 45 38 87 52

Elodie Woillez
Phone: +33 (0)1 45 38 87 08 

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Also See: Blackstone Group Acquires the 415-room Sofitel Chicago; Accor to Retain Management of Property / November 2012

Isabelle Birem Joins Accor as Senior Vice President Direct Sales / April 2012

Accor Tailors Mercure for China with the Launch of ‘Mei Jue’ Brand; A Tailor-Made Grand Mercure for the Chinese Upscale Market / February 2012

Accor's Pullman Hotels Expands in Europe with the Pullman Munich in Germany and the Pullman Eindhoven Cocagne in The Netherlands / February 2012

Accor Opens its 150th hotel in Brazil with the 166-room Novotel Porto Alegre Aeroporto; Aiming at a Network of 250 hotels in Brazil by 2015 / February 2012

Accor Completes Another Record Year of Expansion in Asia Pacific; Adds 67 Hotels in the Region and Acquires Mirvac Hotels & Resorts / January 2012

Chef Jérôme Chautard Appointed as Executive Sous Chef for VIE Hotel Bangkok and its VIE Wine and Grill Restaurant in Thailand / January 2012

VIE Hotel Bangkok and V Villas Hua Hin Appoints Wanida Tardivel as Director of Business Development & Strategy / May 2011

Accor's McGallery Adds Two Resorts in Thailand; 69-room Veranda High Resort Chiang Mai and 118-room Veranda Resort & Spa Hau Hin-Cha Am / March 2011

Accor Appoints its First Fiji-born Hotel Manager, Jack Work, as Hotel Manager of the Mercure Nadi in Fiji / March 2011

Accor Terminates Gilles Pélisson as CEO, Denis Hennequin to Assume Position January 2011 / November 2010

Accor Plans to Double the Number of Hotels in Latin America to 300 Following Separation of the Hospitality and Service Units / July 2010

Que Huong Liberty Building a 300-room Accor Branded Pullman Hotel in Ho Chi Minh City / June 2010

The Que Huong – Liberty Group and Accor Building a 350 room Novotel Hotel on the Site of the Metropole Hotel in Ho Chi Minh City, Vietnam / November 2009

Accor Rebranding the Former Grand Mercure La Veranda Resort and Spa to La Veranda Resort and Spa Phu Quoc, a Member of MGallery Collection of Hotels / August 2009

Accor Asia Pacific Expansion Continues with Five New Pullman Hotels in China, Thailand and Vietnam / August 2009

One of Australia’s Most Iconic Properties, Cradle Mountain Lodge, Joins Accor’s MGallery Collection / July 2009
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