AccorHotels Achieves Antitrust Clearance of Proposed Acquisition of Fairmont Raffles Hotels International

Today's News Hudini and Orascom Hotels Management Begin Global Rollout of New Staff Connect Platform

AccorHotels Achieves Antitrust Clearance of Proposed Acquisition of Fairmont Raffles Hotels International

By admin|2016-04-27T08:58:39-04:00April 27th, 2016|

AccorHotels | April 27, 2016

AccorHotels announces today that it has cleared all antitrust approvals in relevant jurisdictions, satisfying one of the closing conditions of the pending acquisition of Fairmont Raffles Hotels International.

As previously announced, the main next step to finalize this acquisition will be AccorHotels’ Extraordinary Shareholders meeting to approve reserved capital increase and Board representations for Qatar Investment Authority and Kingdom Holding. This meeting should be convened in the coming weeks. The transaction is expected to close mid-2016.

About AccorHotels

AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.
Over 180,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.
AccorHotels is the world's leading hotel operator and offers its customers, partners and employees:
- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);
- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Mercure, Mama Shelter, Adagio) economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;
- a powerful marketplace and loyalty program Le Club AccorHotels
- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.
Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY)

Contact: Delphine Dumonceau

delphine.dumonceau@accor.com /+33 (0)1 45 38 84 95

Related News:

Emlyn Brown Appointed Vice President, Wellbeing for AccorHotels’ Luxury Brands

AccorHotels Completes Its Acquisition of a 50% Stake in sbe Entertainment Group; Founder & CEO Sam Nazarian Will Control the Remaining 50%

AccorHotels Completes Acquisition of Mövenpick Hotels & Resorts

AccorHotels Signs Agreement to Acquire 85% Stake of 21c Museum Hotels for $51 Million

Katara Hospitality and AccorHotels to Set up an Investment Fund Dedicated to Hospitality in Sub-Saharan African Countries

AccorHotels Agrees to Acquire 50% in sbe for $125 Million With Promise of $194 Million in Additional Investment for Future Development

AccorHotels Appoints Karla Erales as General Manager of Sofitel Washington DC Lafayette Square

Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China

Fairmont San Jose Appoints Dan McGowan as General Manager

AccorHotels Sells 57.8% of the Capital of AccorInvest

AccorHotels and Algeciras Sign Agreement for Purchase of Chilean Group Atton Hotels

AccorHotels Appoints Ian Ricci as Vice President of Development for Canada and the Caribbean

AccorHotels Acquires Mövenpick Hotels & Resorts for U.S. $567 Million

AccorHotels, Saunders Hotel Group and The Noannet Group Partner for Raffles Boston Back Bay Hotel & Residences Set to Open in 2021

In Partnership With DMCC, AccorHotels to Introduce First SO/ Project in the Middle East Slated for Opening in 2020

AccorHotels Signs Strategic Acquisition Agreement with Mantis Group for 50% Stake in Company

Newly Constructed Hilton Des Moines Downtown Opens for Business at the Iowa Events Center

AccorHotels Plans Four SO/ Hotels in Berlin, St. Petersburg, Auckland and Vienna Opening by End of 2018

Australia Gives Go Ahead for AccorHotels Acquisition of Mantra Group

AccorHotels Plans Groundbreaking of Novotel Mexico City With Construction to Begin Later in 2018

Subscribe to the one-and-only
Hotel-Online!

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.

AccorHotels Achieves Antitrust Clearance of Proposed Acquisition of Fairmont Raffles Hotels International

Today's News Hudini and Orascom Hotels Management Begin Global Rollout of New Staff Connect Platform