HotelInvest valued at €6.6bn by Accor
As part of the process for the contemplated sale of a majority of HotelInvest – known as Booster project – AccorHotels has entered into discussions with potential investors. In this context, the group has disclosed the updated gross asset value of the Booster Portfolio as of December 31st.
The portfolio includes the HotelInvest owned and leased properties, excluding Orbis. This valuation, which was conducted by third party experts including Jones Lang LaSalle, Cushman & Wakefield and BNP Paribas Real Estate, is €6.6 billion.
This is a slight increase on the €6.5 billion expected year-end value disclosed on October 5th. AccorHotels is a world-leading travel and lifestyle group and digital innovator offering unique experiences in more than 4,000 hotels, resorts and residences, as well as in over 2,500 of the finest private homes around the globe.
Benefiting from dual expertise as an investor and operator through its HotelServices and HotelInvest divisions, AccorHotels operates in 95 countries.
You might also like
The Den, a state of the art luxury hotel for millennials and globetrotter’s launches in Bengaluru!
Located in the IT hub of Bengaluru, the premier luxury destination for leisure and business travelers is now here. The Den, a state of the art luxury hotel for millennials
Tattva Spa launches new facility at Courtyard by Marriott Chakan
Aiming to rejuvenate and revitalize people’s lives with their specialized service offering, Tattva Spa has launched its new facility at Courtyard by Marriott Chakan. Located in the urban town of
British Airways enhances its service for transfers
British Airways has introduced a new programme of enhancements for connecting customers travelling through the airline’s hub at Heathrow to ensure their journey is as fast, smooth and stress-free as
