By browsing on our website, you are agreeing to our cookies policy.

 
 
The investment allows sbe to leverage AccorHotels’ global hospitality platform while remaining an independent luxury lifestyle operator The investment allows sbe to leverage AccorHotels’ global hospitality platform while remaining an independent luxury lifestyle operator

AccorHotels Plans to Acquire sbe Entertainment Group Stake

​AccorHotels and sbe Entertainment Group signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50 percent stake in sbe.

The transaction is subject to regulatory approvals which are anticipated to be completed by July 31.

This partnership will combine the expertise and savoir-faire of the two groups; AccorHotels will acquire the 50 percent of sbe's common equity held in part by Cain International for USD125 million.

Sam Nazarian will continue to own the remaining 50 percent of sbe. In addition, AccorHotels will invest USD194 million in a new preferred debt instrument that will be used to redeem all existing preferred units, also held in part by Cain International. AccorHotels’ total investment in sbe will be USD319 million.