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AccorInvest

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 (...)

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 11/07/2019

Paris's AccorInvest boosts mid-segment with pan-European hotels acquisition

Paris-based hotel group AccorInvest has completed purchase of a pan-European portfolio of four assets totalling 661 rooms to boost its presence in the mid-market (...)

Hospitality 02/07/2019

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

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 (...)

Hospitality 14/06/2019

Accor to sell Polish Orbis plus €1.18bn real estate, buy its contracts business for €286m

Just months after boosting its stake in Poland's Orbis hotels, Paris hotel giant Accor is to sell its €1.18bn in real estate, buy its (...)

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 (...)

Hospitality 21/02/2019

French Accor's 2018 net soars over €2bn; to boost hospitality services

Paris-based hospitality giant Accor's 2018 net profit soared to €2.23bn from €446m in 2017 after a €2.4bn gain from its AccorInvest sale, and is to boost (...)

Finance 20/02/2019

France's Amundi grows real estate AUM 6.5% to €31bn in 2018

Paris-based real estate investment manager Amundi Immobilier grew managed assets by 6.5% last year to €31bn, and said it realised more than €3bn in (...)

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 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 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. (...)