Accor to sell the Sofitel Paris Arc de Triomphe

Accor to sell the Sofitel Paris Arc de Triomphe

As part of its ongoing asset-right strategy, Accor has confirmed it will sell the Sofitel Arc de Triomphe in Paris under a sale and management-back arrangement.

The property – which will go to a consortium of French private investors – is valued at €69 million (€556,000 per room).

The buyer has committed to financing renovation work for an additional €25 million.

The hotel will remain open while the work is being carried out.

Accor will continue to run the hotel under a long-term management agreement.

This disposal confirms the Group’s ability to pursue its current €1.2 billion asset management program, which includes 35 sale and management-back transactions to be carried out in the period 2011-2012, mainly concerning Sofitel and Pullman units.

Accor, the world’s leading hotel operator and market leader in Europe, is present in 90 countries with 4,200 hotels and more than 500,000 rooms,


Also in Europe today, City.Mobi is celebrating the success of its new guide to Paris.

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