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

Algeciras | May 14, 2018

AccorHotels and Chilean group Algeciras announce that they signed an agreement with the shareholders of Atton Hotels in order to acquire the company. As per the agreement, AccorHotels will acquire 100% of the management company that operates 11 Atton hotels (2,259 rooms), plus three hotels under development, across Chile, Peru, Colombia and Florida, USA. In addition, AccorHotels will acquire 20% of the Property Company that owns these assets, with the remaining 80% being bought by Algeciras. Atton Hotels was founded in Chile in 2000 and caters to midscale and upscale business travelers. In order to capitalize on Atton's existing brand e...