Accor completes acquisition of Mövenpick Hotels & Resorts

 

Accor Hotels has announced the completion of the acquisition of Movenpick Hotels and Resorts. Accor will acquire a 100% stake in Mövenpick Group and the Mövenpick brand in the hospitality industry. .

This announcement is in line with the content and objectives as Accor Hotels strives to strengthen its position in hospitality, in line with its strategy of sustainable growth.

Mövenpick Hotels & Resorts consists of 84 properties with 20,000 hotel rooms and 42 hotels under construction to be opened before December 2021, enhancing Accor Hotels’ presence in Europe and Asia and supporting the Group’s growth in Africa and the Middle East region. Where the Mövenpick label is popular.

The acquisition will add 69 hotels comprising more than 18,000 rooms (operating and under construction) to Accor Hotels in the Middle East and Africa region, which includes some 350 hotels comprising 80,000 rooms.

With more than 400 hotels and 100,000 rooms, Accor Hotels will become the largest hotel operator in terms of number of rooms across the region.

Accor Hotels Middle East and Africa is one of the fastest growing hospitality groups in the region. Its current portfolio in the region includes more than 300 operating and construction hotels with a total of 80,000 hotel rooms in 30 countries.

In addition to its global brands such as Sofitel, Fairmont, Raffles, Pullman, Swissotel, Novotel, Mercure and Ibis, new brands such as Adagio, And “Ibis Styles” – significant progress within the hotel sector in the region.

Mövenpick Hotels & Resorts will benefit from Accor Hotels’ loyalty program as well as its distribution channels and operating systems, which will positively impact the Group’s operations in the region.

In contrast, the Movenpick brand will support Accor Hotels’ presence in the region.

Content Protection by DMCA.com
,