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
Comair renews partnership with Sabre to fuel growth
South Africa’s most profitable airline extends technology agreement South African airline operator Comair Limited has renewed its agreement with Sabre Corporation for the global travel technology leader’s passenger reservations system, commercial systems
Air Busan renews global partnership with Sabre
Renewed partnership to help Air Busan expand its distribution footprint in its growth and expansion plans. Sabre Corporation, the leading technology provider to the global travel industry announced a renewed
Volotea offers flights from Munich to Montpellier and Zaragoza
The Spanish airline, Volotea now operates two weekly flights with a Boeing 717 from Munich to Montpellier in the south of France and to Zaragoza in north-eastern Spain. The Montpellier service
