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
Travel from New Delhi to Chandigarh through Tejas Express now
The new Tejas Express has finally featured in the timetable for passengers travelling between Chandigarh and New Delhi. New Delhi – Chandigarh Tejas Express, train number 22425, will cover a distance of
Linkin Reps appointed as PR & Media representative for Turkish Culture and Tourism Office in India
Adding one more feather to its cap, Linkin Reps recently bagged the PR & Media representation account for Turkish Culture and Tourism Office in India. A leading travel representation company
Ethiopian to start flights to Istanbul
Ethiopian Airlines will start thrice weekly services to Istanbul with the latest B737-800 New Generation with Sky Interior, as of its winter schedule. Istanbul is the largest European city and
