Business Immo, the real estate website


Hospitality 13/04/2022

"Upscale and luxury are the focus of investor interest".

Business Immo: What are Accor's priorities in Southern Europe? Xavier Grange: We want to focus on higher-end hotels, from top-of-the-range to luxury. The challenge is (...)

Hospitality 22/03/2022

Covivio lets 31 hotels in France to B&B HOTELS

Paris-based REIT/SIIC Covivio has signed a memorandum of understanding, through its subsidiary Covivio Hotels, with B&B Hotels for the takeover and sale-lease of 31 (...)

Hospitality 15/03/2022

Accor plans to open more than 300 new hotels this year

The Accor group plans to open more than 300 new hotels and resorts in 2022, according to information from the specialist press agency Option (...)

Territories 23/09/2021

"The third place is in the process of finding its economic model"

Business Immo: Tell us about your department... Claire Flurin: With more than €1.6bn in assets under management, Keys REIM, the portfolio management company of the (...)

Territories 21/07/2021

Mipim expects 5,000 visitors in September in Cannes

According to our sources, for its September 7 and 8 edition, French real estate fair Mipim will receive no less than 5,000 visitors. A (...)

Office 09/07/2021

International investors back with a bang at Mipim September Edition

With two months to go before the opening of the Mipim September Edition, the teams at RX France (formerly Reed Midem) can be reassured. (...)

Hospitality 20/05/2021

Accor to sponsor a corporate €300m SPAC

Accor has announced its intention, subject to market conditions, to sponsor a Corporate Special Purpose Acquisition Company (SPAC), the Accor Acquisition Company (AAC), to (...)

Hospitality 11/05/2021

The Accor group, soon to be a service "platform"?

The world's sixth largest hotel group is banking on flex-office and services. After publishing a halved turnover in the first quarter of 2021, the (...)

Career 03/05/2021

Atream welcomes Damien Buisson as the new Director of Hotel Private Equity

Atream has welcomed Damien Buisson as director of private equity investments in the hotel industry. He will strengthen the management company's tourism department, under the (...)

Hospitality 27/04/2021

"AccorInvest's goal is to complete its transformation"

Business Immo:More than a year has passed since the beginning of the health crisis. What do you take away from this very difficult year (...)

Career 19/04/2021

Former French Minister Brune Poirson joins Accor group

The Accor group has appointed Brune Poirson as Director of sustainable development. She will report directly to Sébastien Bazin, Chairman and CEO, and becomes (...)

Hospitality 10/03/2021

Extendam continues to invest in the hotel business off-market

Extendam has announced the off-market acquisition of a hotel combo combining the Ibis and the Novotel Marne-la-Vallée Noisy-le-Grand. Acquired under "favourable conditions", these hotels, (...)

Hospitality 19/02/2021

Accor to sell a 1.5% stake in Huazhu for €239m

Paris-based global hospitality giant Accor has announced that it has completed the disposal of a 1.5% stake in Huazhu Group Limited (HTHT) for €239m. After (...)

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 (...)