Business Immo, the real estate website

Sébastien Bazin

Hospitality 23/04/2020

Accor’s consolidated revenue down 17% for 1Q20

Paris-based hospitality giant Accor’s consolidated revenue totaled €768m for 1Q20, down 17% as reported and 15.8% like-for-like. As of 22 April, 62 % of (...)

Hospitality 03/04/2020

Accor fixing to close two thirds of its hotels in the coming weeks, suspends dividend payment

Over two thirds of Accor branded hotels are likely to be closed in the coming weeks, the Paris-based hospitality giant announced yesterday, with more (...)

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 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 (...)

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 (...)

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 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. (...)