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
ITB Asia 2017 announces major partnership with Korea Tourism Organization
Partnership set to attract more Leisure, MICE and Corporate buyers to the milestone ITB Asia event and promote Korea as a world-class destination in Asia. ITB Asia has secured a
Taiwan Bets on India: Inside TAITRA’s Push for Deeper Trade and Tech Collaborations
As bilateral trade crosses $10 billion, TAITRA is catalyzing cross-border collaborations through focused outreach and industry-specific platforms. As India strengthens its position in global manufacturing and supply chains, Taiwan has
Sarovar Hotels & Resorts signs a new hotel in Dalhousie; expanding its portfolio in leisure destinations
Sarovar Hotels Pvt. Ltd. today announces the signing of a new hotel deal in Dalhousie, marking the group’s strengthening presence in the leisure hotels segment. One of the fastest growing
