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Accor

Retail 23/12/2020

Eurocommercial to sell Les Trois Dauphins in Grenoble

Amsterdam-based retail REIT Eurocommercial has announced the upcoming sale of the mixed-use building Les Trois Dauphins to Crédit Agricole Sud Rhône-Alpes and Deltager. This 17,000 sqm (...)

Career 02/12/2020

Quentin Laferté joins CBRE’s hotel department as Transaction Director for France, Belgium & Luxembourg

Following the arrival of Sami Mendil as Investment Director at the beginning of the year, CBRE continues to strengthen its hotel department and announces (...)

Hospitality 25/11/2020

Accor double downs on lifestyle with Ennismore merger

Accor and Ennismore have announced they are entering into exclusive negotiations “to form the world’s leading lifestyle operator in the hospitality sector, focusing on (...)

Hospitality 13/11/2020

Fitch Ratings downgrades Accor to BB+, stable outlook

Fitch Ratings has downgraded Accor’s long-term issuer default rating (IDR) to BB+. The firm had already downgraded the French hospitality giant in March to (...)

Hospitality 23/10/2020

Accor’s revenue down 68.7% in Q3 2020

A revenue in Q3 2020 came in at €329m, down by 68.7% as reported, and by 63.7% like-for-like due to the effects of the (...)

Office 19/10/2020

Wojo aims to answer the companies’ new flexibility needs

The current health and economic crisis have taken companies by surprise, disrupting work habits. With the forced home office and the unpredictable future, the (...)

Career 13/10/2020

Reed Smith strengthens its Paris real estate practice with the arrival of Carole Steimle

According to BI sources, Reed Smith – a global law firm with over 80 lawyers in Paris - is strengthening its real estate practice (...)

Finance 04/09/2020

Keys REIM joins forces with Accor for a new fund dedicated to serviced apartments

Keys REIM, a subsidiary of the Keys Asset Management group, has launched a new investment vehicle dedicated to the serviced apartment sector. This fund, (...)

Office 29/06/2020

France’s Wojo launches "Wojo for impact" programme for unused office space

Coworking operator Wojo, a joint venture from French hospitality giant Accor and Bouygues, has announced the launch of its "Wojo for impact" programme, which (...)

Office 29/05/2020

"More than 300 Wojo Spots will reopen in Accor hotels and strengthen our attractiveness."

Business Immo: How is it like for Wojo today? Stéphane Bensimon: We reopened all our services on our sites on Monday 11th May, even though they (...)

Hospitality 14/05/2020

France’s hospitality players draw up a recovery plan for the hotel industry

AhTop, the representative association of France’s professional hospitality and tourism stakeholders, has presented a plan to revive the hotel industry to the Interministerial Committee (...)

Hospitality 23/04/2020

Accor’s consolidated revenue down 17% for 1Q20

Paris-based hospitality giant Accor’s consolidated revenue totaled €768m for 1Q20, down 17% as reported and 15.8% like-for-like. As of 22 April, 62 % of (...)

Hospitality 03/04/2020

Accor fixing to close two thirds of its hotels in the coming weeks, suspends dividend payment

Over two thirds of Accor branded hotels are likely to be closed in the coming weeks, the Paris-based hospitality giant announced yesterday, with more (...)

Hospitality 16/01/2020

"AccorInvest’s strategy is to grow in the economy and mid-scale segments in Europe"

With the acquisition of Polish hotel group Orbis, 2019 was a very active year on the investment front for AccorInvest, the real estate division (...)

Hospitality 17/12/2019

Paris-based Accor sells Polish Orbis hotels to AccorInvest for €1bn

Paris-based global hotel operating giant Accor has completed the sale of the Polish group Orbis to its AccorInvest associate for €1.06bn, retaining only the (...)

Hospitality 11/12/2019

Innovative hotel styles, combining co-working, grows in popularity in Europe

Innovative styles of hotels are growing in popularity in Europe, with customers expecting accommodation plus co-working and other services linked by digital platforms, says (...)

Office 21/10/2019

Singapore’s GIC confirms BI report of Paris PB6 tower buy, said at €550m

Singapore’s sovereign wealth fund GIC has confirmed its purchase of the 60,000 sqm Paris La Défense PB6 tower, which BI sources in September said (...)

Hospitality 26/09/2019

Hotel sector in Romania's Bucharest said holding significant growth potential

The hotel market in the Romanian capital of Bucharest offers significant potential for growth due to high occupancy and low prices, says specialist adviser (...)

Finance 18/09/2019

French Keys Asset Management 2.0 rocket ready for takeoff

The duo Pierre Mattei and Cyril Garreau has already set course .. for 2024. Their Paris-based Keys Asset Management, founded in 2011, has hit (...)

Hospitality 01/04/2019

Singapore's GIC takes 25% stake in Dutch hotel firm citizenM, valuing it at €2bn

Singapore sovereign wealth fund GIC has acquired a 25% equity interest in Netherlands-based hotel developer and operator citizenM, valuing the hotel group at €2bn.  The investment makes GIC the third (...)