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
Qatar Tourism conducts two-city India roadshow
Qatar Tourism successfully conducted its first roadshow in India since the pandemic. The events in Delhi and Mumbai were attended by notable participants from the Indian travel industry, including trade
Sir Bani Yas Cruise Beach opens to passengers in Abu Dhabi
Abu Dhabi Ports has officially opened Sir Bani Yas Cruise Beach, offering cruise ship passengers a new beach destination with unmatched tourism experiences. Sir Bani Yas Cruise Beach lies approximately
‘WORDS ALONE WILL NOT SAVE JOBS’
Asserting that mere words are not enough, UNWTO leads call for firm action by governments to support tourism recovery. The Global Tourism Crisis Committee has united behind the World Tourism
