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
Sabre appoints Alfred de Cárdenas as Chief Commercial Officer for Travel Network
Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, has appointed Alfred de Cárdenas as Chief Commercial Officer (CCO) of its Travel Network organization, which spans
Emirates signs an MoU with Airbus for order of 36 A380s worth $16 bn
MoU for 20 firm orders and 16 options signed Latest deal takes Emirates’ total Airbus A380 commitment to 178 aircraft units, underscoring the airline’s confidence in the programme Emirates, the
ITB Berlin 2016: Show provides strong economic boost to calm fears
Over the last half-century ITB Berlin has had a decisive impact on tourism, and on the eve of its fiftieth anniversary it enjoys an excellent standing. From March 9th-13th around
