Business Immo, the real estate website


Hospitality 22/02/2024

Why Covivio is increasing its stake in its hotel subsidiary

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 (...)

Listed 22/02/2024

Covivio to take over Generali's 8.3% stake in Covivio Hotels

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 (...)

Hospitality 08/11/2023

An XXL consolidation operation between Covivio and AccorInvest

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 (...)

Finance 16/10/2023

AccorInvest aims to sell €1.7 bn of assets by 2025

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 (...)

Career 13/06/2023

Damien Leveillé Nizerolle appointed CIO of AccorInvest

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 (...)

Listed 14/12/2022

With macroeconomic turbulence ahead, Covivio keeps its head down

"If we had been told a year ago that there would be war in Europe, that inflation would be at 10% in the euro (...)

Hospitality 13/10/2022

AccorInvest restores its financial position through its transformation plan

Has AccorInvest eaten its fill? The former real estate arm of the AccorHotels group, which became financially independent in May 2018, has announced impressive (...)

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 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 (...)

Territories 16/09/2020

France wins four Mipim Awards once again

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 (...)

Hospitality 16/06/2020

Gilles Clavie will succeed John Ozinga as CEO of AccorInvest

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 (...)

Office 30/01/2020

Mipim Awards 2020: France leads the way with eight nominations

The finalists for the Mipim Awards 2020 have been unveiled and France comes first with eight projects presented in Cannes, compared to five from (...)

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 (...)

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 (...)