Accor began exclusive negotiations with a consortium of institutional investors led by Fonciere des Regions…
Accor began exclusive negotiations with a consortium of institutional investors led by Fonciere des Regions and comprising, among others, Assurances du Credit Mutuel, Generali and Predica (Groupe Credit Agricole). The negociations concern the transfer of the real estate properties of a group of 128 hotels in France.
The properties are currently leased by Accor from financial investors and the negotiations, if successfully concluded, will improve the terms of the lease contracts.
With 158,000 people in 140 countries, Accor is the European leader and one of the world`s largest groups in travel, tourism and corporate services, with two major international activities:
- hotels: nearly 4,000 hotels (463,427 rooms) in 90 countries, casinos, travel agencies, and restaurants;
- services to corporate clients and public institutions: 14 million people in 34 countries use a broad range of services (food vouchers, people care and services, incentive, loyalty programs, events) engineered and managed by Accor.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
