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
Starwood expands footprint in Thailand
Starwood Hotels & Resorts has signed an agreement with Grand Bay Hotel, to unveil the Sheraton Phuket Grand Bay Resort. Slated to open in January 2019 on Thailand’s largest island,
Swosti Group Leads Odisha’s Tourism Transformation
By Prem Kumar As the sun sets on the Bay of Bengal, a new dawn is breaking for Odisha’s tourism and hospitality sector. The industry is buzzing with excitement as
Inaugural Ryanair flight arrives in Amman
The Ministry of Tourism and Antiquities and the Jordan Tourism Board announced the arrival of the inaugural Ryanair flight from Paphos, Cyprus to Amman’s Queen Alia International Airport. The passenger
