eurazeo
AccorHotels Finalizes Sale of 85-Hotel Portfolio in Europe for €504 Million ($561.9M)
AccorHotels | July 1, 2016
As part of the transformation of the HotelInvest asset base, AccorHotels announces the sale of a portfolio of 85 hotels in Europe in the Economy and Midscale segments, for a total consideration of €504 million, in accordance with the terms announced on January 27, 2016. These hotels will now be brought together in Grape Hospitality, a dedicated hotel platform owned 70% by Eurazeo and 30% by AccorHotels. This newly created structure will be led by Frédéric Josenhans, formerly Managing Director of the Mercure and Novotel brands, assisted by a team of hotel and real-estate professionals. The portfolio transferred to Grap...
AccorHotels Negotiating 85-Hotel Portfolio Sale to New Hotel Investment Company for €504 Million ($551.7M)
AccorHotels | January 28, 2016
A portfolio of 85 hotels in Europe in the Economy and Midscale segments, for an asset value of €504 million, including: 28 hotels assets and the business interest of all 85 hotels, sold by AccorHotels for €146 million. 57 hotel assets covered by the purchase agreements containing a substitution clause for the buyer signed with Foncière des Régions, Axa IM – Real Assets and Invesco, for a total amount of €358 million. All of the hotels included in the transaction will maintain their AccorHotels brand via long-term franchise agreements and will benefit from an ambitious renovation program to be ca...
