AccorHotels Continues Transformation of Owner/Investor Division, HotelInvest, with €284M Purchase
December 1, 2015 12:48pm
Paris - December 1, 2015 - AccorHotels announces the purchase of three hotel asset portfolios in Europe representing 29 hotels (3,677 rooms), for a total of €284 million.
The transactions are composed of:
The two first deals are scheduled to be finalized during first-half 2016 and are subject to the usual conditions for this type of transaction. They include substitution clauses for the buyer, enabling HotelInvest to integrate the hotels directly into its dynamic asset management program. The transaction with Deutsche AWM has been finalized on November 27, 2015.
"Following the recent acquisition of 43 hotels from Foncière des Régions, these transactions once again demonstrate HotelInvest's expertise in dynamically managing its real estate assets", said John Ozinga, Chief Operating Officer of HotelInvest, Europe's leading hotel investor. "The transformation of HotelInvest is continuing at a fast pace, with close to €1.0 billion worth of real-estate transactions secured in 2015. We are on track with our roadmap and with the completion of our three-year plan to significantly increase Group’s performance."
axa investment managers – real assets,
AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.
Over 180,000 women and men in 3,700 AccorHotels establishments look after thousands of guests every day in 92 countries.
AccorHotels is the world's leading hotel operator and offers its customers, partners and employees:
Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY)
Contact: Gabrielle Haire
+33 1 45 38 84 87
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