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
Shangri-La’s Hambantota Resort & Spa To Open On 1 June
Stunning resort will be the first Shangri-La in Sri Lanka, the “Pearl of the Indian Ocean” Opening on Sri Lanka’s stunning southern coastline on 1 June 2016, Shangri-La’s Hambantota
Hotel Association of India pledges support to revive tourism in J&K
Hotel Association of India (HAI), the apex body of the hotel industry in India and an integrated hospitality industry platform, has expressed steadfast support to the Union Territory of Jammu & Kashmir for the revival
Asego’s Next Chapter: Driving Stronger Trade Empowerment
For over 25 years, Asego has stood alongside the Indian travel trade — as a partner grounded in innovation, trust, and a steadfast trade-first philosophy. While awareness around travel risks
