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
Bombardier aims to double fleet size to over 40 aircraft in India
Bombardier expects the introduction of short haul flights and efforts to improve the business environment to lead to higher growth than originally planned. Canadian plane maker Bombardier Inc plans to
MPTM 2017 held at Bhopal from October 27 to 29 with theme to Seek. Discover. Explore
Highlights: Attendance from National and International tourism professionals to put the spotlight on Madhya Pradesh as a year round destination. The concept of the event is a B2B platform specially
Air India planning to take Rs. 3,250 crore loan for urgent capital needs
Under a turnaround plan approved by the previous UPA regime, Air India is to receive up to Rs. 30,231 crore from the government subject to meeting certain performance thresholds. Air
