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AccorHotels negotiates sale of 85 hotels in Europe to a new franchisee hotel operator

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 and 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 carried out within 36 months after the transaction has been finalized.
  • The entity's management team will be partially made up of AccorHotels employees who are leaving the Group to contribute their expertise to the new franchisee.
  • The newly created entity will be owned by Eurazeo (70%) and AccorHotels (30%). This ownership structure may rapidly be strengthened by the arrival of an additional institutional investor.
Pursuing the transformation of HotelInvest's hotel portfolio, AccorHotels announces that it has entered into exclusive negotiations with a new hotel investment company for the sale of 85 owned and leased hotels that it currently operates.
The portfolio comprises one Pullman, 19 Novotel, 13 Mercure, 35 ibis, 3 ibis Styles and 14 ibis budget hotels. The majority of these hotels are located in France (61 hotels, primarily in regional cities and on the outskirts of urban agglomerations) and Spain (9 hotels), while the remainder are spread across Italy, Portugal, Germany, Austria, Belgium and the Netherlands.