Accor Acquires Stake in Two Online Rental Companies, 49% in Squarebreak & 30% in Oasis Collections
February 18, 2016 12:26pm
Acquisitions confirm AccorHotels growing interest in new commercial accommodations services.
AccorHotels announces today the strategic investment in Squarebreak, offering to guests through a digital platform private upscale properties in resort locations, primarily in France, Spain and Morocco, and leveraging local property managers on behalf of homeowners by using hotel management techniques and services.
Squarebreak is a French start-up created in 2013 by Hugues van Heesewijk and Maxime Lesaulnier, both with a combined professional background in the hospitality, e-tourism and real estate business. Their area of expertise is worry-free propositions to guests and homeowners.
“With this investment, Accorhotels is positioning itself to better understand the expectations of guests in a sector where the stay experience and the quality of service are particularly important ”, said Vivek Badrinath, Deputy Chief Officer, Marketing, Digital, Distribution and Information Systems. “In partnership with innovative players, Accorhotels continues to forge ahead along the path of changing and new behaviors in hospitality and travel”.
AccorHotels’ investment in Squarebreak will allow us to go quickly to the next step of our development said Hugues van Heesewijk, CEO and Co-founders. Everyday our teams endeavour to propose a new hotel experience in private homes and to simplify the vacation rental market for travelers.”
AccorHotels announces today the acquisition of a 30% stake in Oasis Collections, the company which pioneered the “Home meets Hotel” category of accommodations, blending the value and authenticity of private rentals with the service, quality-control and amenities of a hotel.
The company was launched in Buenos Aires 2009 and counts 1,500 properties in 18 destinations, in Latin America, the US and Europe. The company offers personalized services to leisure and corporate guests alike, including on-the-ground concierge service and access to members’ club venues, as well as targeted exposure to international travelers for home owners.
“Oasis Collections allows us to explore new complementary offer to upscale hotels”, explained Vivek Badrinath, Deputy Chief Officer, Marketing, Digital, Distribution and Information Systems. We are delighted to work with young talents who share our hospitality and digital culture”.
Parker Stanberry, Co-Founder & CEO of Oasis Collections, said “We are pleased and proud to have AccorHotels alongside us and to benefit from its experience as a global operator and its support in infrastructure and demand generation. We share the same hospitality DNA, and this partnership willgive us the means to match our ambition to reach 70 top key cities by 2019”.
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 nearly 3,800 AccorHotels establishments look after thousands of guests every day in 92 countries.
Contact: Delphine Dumonceau
+33 (0)1 45 38 84 95
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