accorhotels
Emlyn Brown Appointed Vice President, Wellbeing for AccorHotels’ Luxury Brands
AccorHotels | October 19, 2018
AccorHotels is pleased to announce the appointment of Emlyn Brown as Vice President, Wellbeing for AccorHotels' Luxury & Upper Upscale brands. Emlyn joins AccorHotels from Resense Spas S.A, where he most recently held the position of Global Design Director and was responsible for managing corporate strategies, wellbeing concepts and related design services. "We are delighted to have Emlyn join our team; his experience, skill set and leadership traits position him well for future success within the Group," said Rick Harvey Lam, Senior Vice-President, AccorHotels Luxury Brands, Global Brand Marketing. "Emlyn will direct our global str...
AccorHotels Completes Its Acquisition of a 50% Stake in sbe Entertainment Group; Founder & CEO Sam Nazarian Will Control the Remaining 50%
AccorHotels | October 9, 2018
Through this partnership, AccorHotels' will pursue its strategy to expand its offering in the luxury lifestyle hospitality segment and its footprint in gateway cities across North America. This long-term investment will allow sbe to leverage AccorHotels' leading global hospitality platform while remaining an independent luxury lifestyle operator. sbe will continue to be led by its Founder and CEO Sam Nazarian as well as its expert management team while retaining its global headquarters in New York. Sébastien Bazin, Chairman & CEO, AccorHotels: Sébastien Bazin, Chairman & CEO, AccorHotels: "I am very proud of this u...
AccorHotels Completes Acquisition of Mövenpick Hotels & Resorts
AccorHotels | September 4, 2018
AccorHotels announces the completion of its acquisition of Mövenpick Hotels & Resorts. The Enterprise Value (EV) represents CHF 560M (€482M) and encompasses 100% of Mövenpick company's share capital, as well as ownership of the Mövenpick brand for all activities related to the hospitality business. The transaction illustrates AccorHotels' ambition to seize tactical opportunities to strengthen its positions and consolidate its leadership, as well as to leverage growth. As an asset-light business, the acquisition of Mövenpick is perfectly aligned with AccorHotels' strategy. Comprised of 84 properties with over...
AccorHotels Signs Agreement to Acquire 85% Stake of 21c Museum Hotels for $51 Million
AccorHotels | July 31, 2018
AccorHotels today announced that it has signed an agreement to acquire 85% of 21c Museum Hotels, an award-winning hospitality management company pushing the boundaries of the museum and hotel worlds to create a new kind of travel experience. 21c combines a multi-venue contemporary art museum, boutique hotels and chef-driven restaurants, with 11 properties currently open and under development across the United States. 21c Museum Hotels was founded in 2006 in Louisville by philanthropists and contemporary art collectors Laura Lee Brown and Steve Wilson. The pair had seen the region's farmland and rural landscapes fall to development while...
Katara Hospitality and AccorHotels to Set up an Investment Fund Dedicated to Hospitality in Sub-Saharan African Countries
Katara Hospitality | July 23, 2018
Katara Hospitality, a leading global hotel owner, developer and operator, based in Qatar, and AccorHotels, a world-leading travel & lifestyle group and digital innovator with a presence in 100 countries and c.4,500 hotels, announced the creation of an investment fund with a targeted investment capacity of over USD 1bn dedicated to hospitality in various Sub-Saharan African countries. The fund will amount to up to USD 500 million in equity, of which Katara Hospitality and AccorHotels will contribute respectively up to USD 350 million and USD 150 million over the next 5-7 years, with additional financing capacity reached through lever...
AccorHotels Agrees to Acquire 50% in sbe for $125 Million With Promise of $194 Million in Additional Investment for Future Development
sbe | June 29, 2018
AccorHotels and sbe Entertainment Group ("sbe") have signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50% stake in sbe, further illustrating AccorHotels's strategy to expand its offering in the luxury lifestyle hospitality segment. This partnership will combine the expertise and savoir-faire of the two groups; AccorHotels will acquire the 50% of sbe's common equity held in part by Cain International for $125 million. Sam Nazarian will continue to own the remaining 50% of sbe. In addition, AccorHotels will invest $194 million in a new preferred debt instrument that will be used ...
AccorHotels Appoints Karla Erales as General Manager of Sofitel Washington DC Lafayette Square
AccorHotels | June 18, 2018
WASHINGTON D.C. – June 18, 2018 – Karla Erales has been appointed general manager of Sofitel Washington DC Lafayette Square, one of AccorHotels luxury brand properties in the nation's capital. The announcement was made by Mark Huntley Regional Vice President and General Manager, Fairmont Washington, D.C., Georgetown. A seasoned hotelier, Erales is responsible for the overall operations, performance and strategic direction of the 237-room luxury hotel. "I'm thrilled to be granted the opportunity to work in one of the most visited cities in the world and manage one of DC's notable historical hotels. Together with a very passio...
Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China
Lodging Econometrics | June 14, 2018
June 14, 2018 – PORTSMOUTH, NH – According to the most recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics, the top global hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 204 Projects/48,003 Rooms, AccorHotels with 215 Projects/45,086 Rooms, InterContinental Hotels Group (IHG) with 122 Projects/28,186 Rooms, Hilton Worldwide with 82 Projects/17,750, and Best Western with 34 Projects/6,146 Rooms. The largest brand in the Pipeline for each of these companies is: Marriott's Sheraton Hotel with 29 Projects/7,069 Rooms, Accor's Ibi...
