Latest News
HomeRegional NewsEuropeAccor to acquire a 26% interest in German hotel group Dorint AG

Accor to acquire a 26% interest in German hotel group Dorint AG

Accor<.> has signed a binding pre-agreement with Dr. Herbert Ebertz, the primary shareholder of…

Accor<.> has signed a binding pre-agreement with Dr. Herbert Ebertz, the primary shareholder of German hotel-industry leader Dorint<.> AG.



Under the terms of the agreement, and following a capital increase approved by Dorint AG shareholders at a Shareholders` Meeting on Friday August 16, in Hamburg, Accor will hold a 26% interest in the German group.



Both parties shared objective is to establish, with the approval by the corporate bodies of Dorint AG, a strategic partnership to develop commercial and managerial ties between Dorint`s properties and Accor`s Sofitel, Novotel and Mercure hotels and to increase Dorint`s financial position.



The agreements will be definitively implemented after the appropriate competition authorities have examined them.



Over the past five years, Dorint AG has acquired a forefront position in the German market by developing four and five-star hotels in all of the country`s main cities. In all, the group operates 91 hotels, of which 75 in Germany. It also has some 20 properties under construction or in development.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

19/07/2024
18/07/2024
17/07/2024
16/07/2024
15/07/2024