accorinvest
Ares Real Estate Acquires Hotel Portfolio From Landsec and Operations Under AccorInvest
Ares Management Corporation | May 9, 2024
Income-Generating Hotel Portfolio Concentrated in London and Other Major UK Cities LONDON--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that funds managed by Ares Real Estate have acquired a hotel portfolio from Landsec alongside hotel operating partner EQ Group (“EQ”), a leading European hospitality investment and management platform. Prior to the acquisition, the properties were fully let to AccorInvest under long-term leases. In parallel with the closing of the acquisition, Ares entered into an agreement with AccorInvest to surrender these leases and tra...
Kasada Acquires 1602-Key Sub-Saharan African Hotel Portfolio From AccorInvest
Kasada Capital Management | January 19, 2021
JOHANNESBURG & PORT LOUIS, Mauritius -- January 19, 2021 --Funds advised by Kasada Capital Management today announced the first transaction made through the debut fund, Kasada Hospitality Fund LP (“Kasada”), acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest. The landmark deal is one of the largest cross-border hospitality M&A transactions in Africa and will see Kasada take control of eight fully operational hotels across three countries - Ivory Coast, Senegal and Cameroon - comprising 1,602 hotel rooms focussed on servicing intra-regional business travel in Africa. In taking on full ownership and manag...
Gencom-Led Partnership Acquires Fairmont Southampton, Bermuda From AccorInvest
Gencom | December 16, 2019
MIAMI, Dec. 16, 2019 - An affiliate of Miami-based Gencom, a leading domestic and international investment and development firm, has acquired Fairmont Southampton, Bermuda. The hotel will remain under the brand and management of Fairmont Hotels & Resorts. News of the acquisition comes with the announcement that the U.S.-based investment firm has committed to a long-term investment in the property, returning one of Bermuda'sleading resorts to its original glory. Financial terms of the transaction were not disclosed. The acquisition marks Gencom's second investment in Bermuda. In 2017, a Gencom-led affiliate acquired the 200-acr...
AccorHotels Sells 57.8% of the Capital of AccorInvest
AccorHotels | June 4, 2018
AccorHotels today announces that it has completed the sale of 57.8% of the capital of AccorInvest to sovereign wealth funds Public Investment Fund (PIF) and GIC, institutional investors Colony NorthStar, Crédit Agricole Assurances and Amundi, and other private investors. For AccorHotels, the transaction results in a gross cash contribution of €4.6 billion, which is slightly more than the €4.4 billion announced in February and in line with the higher percentage of capital finally sold. AccorHotels will therefore hold 42.2% of the capital of AccorInvest, which will no longer be included in the Group's consolidated financi...
AccorHotels Initiates Sale of Majority Stake in AccorInvest
AccorHotels | March 1, 2018
AccorHotels announces that it has signed agreements with a group of international investors with a view to sell a majority of the capital of AccorInvest. Under the terms of the agreements, AccorHotels would initially sell 55% of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors. For AccorHotels, the sale would result in a cash contribution of €4.4 billion. Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said: "These agreements represent a key milestone for the ...
AccorHotels Working to Sell Part of AccorInvest’s Share Capital
AccorHotels | December 28, 2017
Following the creation of AccorInvest as a separate legal entity gathering its real estate activities, AccorHotels has been negotiating with a group of French and International investors, in order to sell part of AccorInvest's share capital. The Group announces today having received several detailed confirmations of interest. Discussions with these investors are engaged in order to reach a final agreement soon, to create value for all stakeholders. ...
