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...