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
Our target is to turn railways profitable, double its revenue: Piyush Goyal
Railway minister Piyush Goyal has set a target of doubling the national transporter’s revenues to Rs 4 lakh crore by 2025 to make it profitable by then. Over this period,
Navrasa Duende Global Carnival 2018
‘Navrasa Duende Global Carnival’, a one its kind global carnival will have assemblage of pavilions dedicated to complete range of arts and entertainment by over 400 performing artists which will
Holidaying by the water in Monaco
The Principality of Monaco symbolises fine living and art of welcoming visitors. This second tiniest country located in south of France is a playground for the rich and famous. Home to F1 Grand
