Sofitel Paris La Defense is sold under a sale and management-back agreement but will continue to be operated by Accor.
As part of its asset management strategy, Accor announces the sale of the Sofitel Paris La Defense under a sale and management-back agreement, for a total value of €22m (€144,000 per room). The hotel will continue to be operated by Accor under a long-term management agreement.
The acquisition is carried out jointly by Amundi Real Estate, a leader in third-party real estate asset management, and Algonquin, a hospitality investor and asset manager, which already owns 7 hotels operated by Accor through management or franchise contracts in France and the United Kingdom.
This operation highlights once again the Group’s ability to deliver its asset management strategy, in partnership with leading investors.
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