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Dominique Ozanne, Covivio

“Covivio has acquired a stake in 32 Accor hotels with significant value creation potential”

Paris-based SIIC/REIT Covivio has paid €176m to acquire a 32% stake in 32 Accor hotels in France and Belgium from AXA IM-RA. In an exclusive interview with Busines Immo, Deputy Managing Director Dominique Ozanne explains the transaction and the group’s overall roadmap for hotels.

Business Immo: What does Covivio Hotels unit represent today? Dominique Ozanne: Today, Covivio's hotel business represents €6bn in assets, representing around 15% of our revenues. This activity (...)

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