m venpick hotels resorts
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 Acquires Mövenpick Hotels & Resorts for U.S. $567 Million
AccorHotels | April 30, 2018
PARIS, 30 April 2018--AccorHotels has today announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro forma 2019e EBITDA after run rate synergies and committed development pipeline. The transaction will have an accretive impact on Group earnings from the first year. Founded in 1973 in Switzerland, Mövenpick Hotels & Resorts operates in 27 countries with 84 hotels (more th...
Mövenpick Hotels & Resorts Names Olivier Chavy as New CEO
August 5, 2016
The Board of Directors of the international Swiss hospitality company Mövenpick Hotels & Resorts (MH&R) has appointed Olivier Chavy, 52, as new CEO. Olivier Chavy will take over the leadership from Jean-Gabriel Pérès in September 2016. Baar, August 5, 2016 – The new CEO Olivier Chavy is a veteran of the hospitality industry with a 28-year track record in hotel operations and brand management. "We are delighted to welcome Olivier to Mövenpick Hotels & Resorts," says Jürgen Fischer, Chairman of MH&R: "Olivier will continue to drive value for Mövenpick's shareholders, hotel owners...
Mövenpick Selected to Manage Sol Marina Resort; To be Renamed Mövenpick Resort Boracay, Philippines
August 12, 2015
Dubai (United Arab Emirates), 12 August 2015: Mövenpick Hotels & Resorts has secured its own piece of paradise in one of Asia's most exclusive holiday destinations, having signed a deal to manage the Sol Marina Resort, which will soon be renamed Mövenpick Resort Boracay, in the Philippines. Located in the north west of the island on idyllic Punta Bunga Beach, famed for its white powdery sand and aquamarine waters and considered one of Asia's luxury resort hotspots, the upscale 333-key property will start welcoming guests in December 2015. The property will not only shore up Mövenpick's presence in the Philippines, where it alread...
