Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Accor spends big, buys 97 Euopean hotels.
Tuesday, 10th June 2014
Source : Martin Kelly
 

Accor, which I could have sworn was going asset-lite not so long ago, has just bought 97 hotels (12,838 rooms) for about 900 million through its subsidiary HotelInvest.

The hotels comprise two portfolios with properties in Germany (67 hotels), the Netherlands (19) and Switzerland (11).

Accor has adopted the try before you buy approach, operating all of the newly-acquired hotels in each portfolio for the past six or seven years.

Original post

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Latest News  (Click title to read article)
Using science fiction to innovate
Wednesday, 20th August 2014

5% increase in passenger traffic in first half of 2014 recorded
Wednesday, 20th August 2014

3 things hoteliers must budget for in 2015
Wednesday, 20th August 2014

US resorts spark investor interest
Wednesday, 20th August 2014

Hospitality2015: game changers or spectators?
Wednesday, 20th August 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy