Business Immo, the real estate website

AccorHotels

Hospitality 27/11/2018

France's AccorHotels in €442m bid for remaining 47% in Poland's Orbis

Paris-based global hospitality giant AccorHotels has launched a takeover bid for the 47.31% stake in Polish hotel firm Orbis that it does not already (...)

Office 24/10/2018

BNP Paribas REIM buys in Paris for Korean investor, sells in Rome for €51m

BNP Paribas REIM has acquired an office building in Paris for a Korean investor just days after selling an asset in Rome for €51m (...)

Hospitality 19/10/2018

Covivio Hotels targets seven Euro cities, profit over 30%, best use

French REIT/SIIC Covivio has pared hotel holdings to 400 and now targets seven European cities, operating profit of over 30% and cooperation with operators (...)

Office 10/10/2018

"France is very focused on innovation"

Business Immo: How is French PropTech developing? Régis Chemouny: Investments in PropTech are expected to reach $ 20 billion worldwide in 2020, compared to $ 12 billion (...)

Hospitality 26/07/2018

AccorHotels drops Air France plan; Colony offers for 7% more in AccorInvest

Europe's largest hotelier AccorHotels reported a 4.2% rise in first half operating profit to €266m but has dropped plans to buy a stake in (...)

Hospitality 24/07/2018

Accor, Katara sign joint $1bn Africa hotel fund targeting 40 assets

AccorHotels, the Paris-based global hospitality giant, and Qatar-based Katara Hospitality have created an fund dedicated to hospitality in Africa with an investment capacity of over $1bn. The new fund will target the (...)

Hospitality 13/06/2018

Jinjiang's Louvre Hotels in CEE focuses on Warsaw, Belt & Road cities

Paris-based Louvre Hotels, owned since 2015 by China's Jinjiang group, should soon double its Poland assets to 40, says a top executive. Its eastern Europe (...)

Hospitality 11/06/2018

France’s AccorHotels signs partnership to boost budget segment

Just days after ceding control of a €4.6bn portfolio, the Paris-based global hospitality group AccorHotels has announced a strategic partnership with budget hotel firm Dalmata Hospitality to bolster (...)

Hospitality 04/06/2018

AccorHotels confirms it is eyeing France's 14.3% stake in Air France-KLM

Paris-based AccorHotels, which last week sold 57.8% of its AccorInvest unit for €4.6bn, confirmed a Les Echos newspaper report that is considering acquiring the French state's 14.3% (...)

Hospitality 01/06/2018

AccorHotels 57.8% sale of AccorInvest unit to bring in €4.6bn

Paris-based AccorHotels has sold 57.8% of its AccorInvest unit to sovereign funds Public Investment Fund and GIC, institutions Colony NorthStar, Crédit Agricole Assurances and Amundi in a transaction bringing gross proceeds of €4.6bn. PIF is (...)

Hospitality 30/04/2018

Paris hotel giant Accor acquires Swiss Mövenpick Hotels for €482m

Paris-based AccorHotels said Monday it has signed an agreement with Switzerland's Mövenpick Holding and Saudi Prince Alwaleed bin Talal’s Kingdom Holding to acquire Mövenpick Hotels & Resorts for CHF560m (€482m) in cash. Kingdom Holdings (...)

Hospitality 28/02/2018

French Accor agrees to sell 55% stake in hotel investment unit for €4.4bn

Giant Paris-based AccorHotels has agreed to sell 55% in its AccorInvest investment unit to institutions including Saudi Arabia's Public Investment Fund, Singapore's GIC, France's Credit Agricole Assurances and Amundi, and Colony NorthStar. (...)

Finance 15/02/2018

French Foncière des Régions boosts 2017 net 10% to €391m, sees favourable 2018

Diversified French REIT/SIIC Foncière des Régions last year raised net recurring income by 10% to €391m, and will propose a 2.3% dividend increase to (...)

Hospitality 23/10/2017

French FdR simplifies hotels, housing stakes prior to repositioning

French REIT/SIIC Foncière des Régions, which in recent years has branched out far beyond its initial office focus, is simplifying its structure, buying out partners (...)