News for the Hospitality Executive |
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. *Including 145,000 in owned, leased and managed hotels |
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 |