HotelInvest valued at €6.6bn by Accor
As part of the process for the contemplated sale of a majority of HotelInvest – known as Booster project – AccorHotels has entered into discussions with potential investors. In this context, the group has disclosed the updated gross asset value of the Booster Portfolio as of December 31st.
The portfolio includes the HotelInvest owned and leased properties, excluding Orbis. This valuation, which was conducted by third party experts including Jones Lang LaSalle, Cushman & Wakefield and BNP Paribas Real Estate, is €6.6 billion.
This is a slight increase on the €6.5 billion expected year-end value disclosed on October 5th. AccorHotels is a world-leading travel and lifestyle group and digital innovator offering unique experiences in more than 4,000 hotels, resorts and residences, as well as in over 2,500 of the finest private homes around the globe.
Benefiting from dual expertise as an investor and operator through its HotelServices and HotelInvest divisions, AccorHotels operates in 95 countries.
You might also like
Vistara Signs V2500 Engine Services Agreement with Pratt & Whitney
Vistara, a TATA SIA JV and India’s fastest growing full service carrier, has signed a V-Services agreement to maintain its fleet of 26 V2500® engines. The V2500 engine is offered
No more water crisis’, hoteliers ask tourist to visit Shimla
Weeks after the tourism industry in Himachal Pradesh was massively hit due to acute water crisis, the hoteliers have appealed to tourists to visit Shimla without any apprehensions. The hoteliers
Will develop Maharashtra as a quality tourism state: Aditya Thackeray
“We have to take the state of Maharashtra ahead, pitch it to the world. I am really keen that Maharashtra will be the first to declare and deliver something for
