By the end of April, Covivio will hold 52.2% of the capital of its subsidiary Covivio Hotels following the acquisition of the 8.3% held (...)
Covivio has signed an agreement to acquire Generali's 8.3% stake in Covivio Hotels in exchange for new Covivio shares. This transaction represents the equivalent (...)
Covivio and AccorInvest officially entered into exclusive negotiations with a view to reorganising ownership of the premises and goodwill of their "high-potential" hotels, according (...)
AccorInvest, Accor's former real estate arm, decided at the start of the year to accelerate its €1.7 bn asset disposal project by 2025, in (...)
AccorInvest, the European hotel owner, investor and operator, has appointed Damien Leveillé Nizerolle, 50, as Chief Investment Officer. He joins the Group's Executive Committee. In (...)
"If we had been told a year ago that there would be war in Europe, that inflation would be at 10% in the euro (...)
Has AccorInvest eaten its fill? The former real estate arm of the AccorHotels group, which became financially independent in May 2018, has announced impressive (...)
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 (...)
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 (...)
Having been forced to be patient by the Covid-19 epidemic, the winners of the Mipim Awards 2020 were finally chosen during Paris Real Estate (...)
AccorInvest’s board of directors has appointed Gilles Clavie as Chief Executive Officer, effective July 1st, 2020. This decision concludes a process initiated jointly between (...)
The finalists for the Mipim Awards 2020 have been unveiled and France comes first with eight projects presented in Cannes, compared to five from (...)
With the acquisition of Polish hotel group Orbis, 2019 was a very active year on the investment front for AccorInvest, the real estate division (...)
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 (...)
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 (...)
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 (...)
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 (...)
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 (...)
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 (...)
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 (...)