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
Thailand approves $5.5 bn bullet train project with China
China has received the first overseas order to export its bullet train technology as Thailand approved a USD 5.5 billion high-speed railway project aimed at linking Bangkok with southern China.
Sabre Travel network adds Jerome Thil to expanding Asia Pacific team
Sabre Corporation (NASDAQ: SABR) has named Jerome Thil vice president of marketing for Sabre Travel Network Asia Pacific. Based in Singapore, Jerome will lead marketing for Sabre Travel Network’s GDS
JW Cafe bags Best Dessert At World On A Plate 2017, Mumbai
The restaurant bags yet another accolade owing to desserts crafted by Chef Santosh Rawat, Executive Pastry Chef, JW Marriott Mumbai Sahar. JW Café the all day dining restaurant at JW Marriott
