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
There should be more exchanges between Chinese and Indian citizens: Ma Zhanwu
There should be more exchanges between Chinese and Indian citizens and greater travelling opportunities between two countries, said Ma Zhanwu, Chinese Consul general in Kolkata at the sidelines of Bengal
International road trips made easy with Avis
Promises a complete hassle-free experience with instant confirmation & 24×7 support for bookings in 170 countries Avis India has now fully integrated its international self-drive service on their website www.avis.co.in and Mobile
Global Tourism Council goes live
After two years of relentless forethought on its work and values, the Global Tourism Council (GTC) is finally launched and comes into force effective 9th December, 2016. The core team


