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
Indian Railways commuters can buy local train tickets using debit, credit cards
Good news for Indian Railways commuters on local trains! Now, with the use of debit cards and credit cards, passengers/commuters will be able to buy local train tickets from ATVM machines at
ITA Airways wins “Best Business Class” at the 2024 European Mission Awards
ITA Airways has been honored with the prestigious title of “Best Business Class” in the ‘Air Transport’ category at the 2024 European Mission Awards (EMA). The awards ceremony was held
Ride with Ola and win a getaway to Mauritius from SOTC
SOTC Travel has joined hands with Ola, India’s leading and one of the world’s largest ride-sharing companies, to collaborate for a two-week contest from 20th July – 04th Aug, 2018 that will
