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
Hills set festival travel tempo
Surge of train and hotel bookings for North Bengal Durga Puja has started early for tourism in Darjeeling and the rest of north Bengal as train tickets, flight seats and
#FathersWeekWithChi at Chi Asian Cookhouse, SDA & Mall of India
The way to a man’s heart is through his stomach, so don’t think twice to treat the #1 man in your life. Give your dad a day off and treat
Sandal Suites, Noida’s Ist Upscale Serviced Suites, now open
Sandal Suites, operated by Lemon Tree Hotels, is the perfect address for all you need. The launch of Sandal Suites, operated by Lemon Tree Hotels, marked the opening of Noida’s
