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AccorInvest’s current portfolio includes 891 hotels spread across 27 countries AccorInvest’s current portfolio includes 891 hotels spread across 27 countries

AccorHotels Sells AccorInvest Majority Stake to Investors

AccorHotels has announced that it has signed agreements with international investors to sell a majority of AccorInvest’s capital.

Under the agreement terms, AccorHotels aims to initially sell 55 percent of it’s hotel investment arm to Sovereign Funds, namely Public Investment Fund and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors. For AccorHotels, the sale would result in a USD4.4 billion cash contribution.

“The entry of new shareholders and the deconsolidation of AccorInvest will provide AccorHotels with substantial leeway to enhance our dynamic growth and innovation strategy and create value for shareholders,” said Sébastien Bazin, CEO, AccorHotels. “For its part, AccorInvest will take advantage of its new powerful shareholders’ support, as well as a strengthened financial structure to execute its roadmap and continue to reinforce its portfolio of assets.”