AccorHotels has made a new signing at London Stansted Airport. The Novotel London Stansted has been signed under a franchise agreement and will be operated by Arora Hotels a division of the Arora Group which acquired the property in 2016. At the same time, London Stansted’s complimentary Wi-Fi service has been extended so passengers can now enjoy up to four hours free of charge as part of the airport’s on-going customer service improvement programme.
AccorHotels today successfully set the terms of a seven year bond issue for an amount of €600 million with an annual coupon of 1.25 per cent. AccorHotels took advantage of the favourable conditions on the credit market to optimise its average cost of funding and lengthen the average maturity of its debt.
As part of the process for the contemplated sale of a majority of HotelInvest – known as Booster project - AccorHotels has entered into discussions with potential investors. In this context, the group has disclosed the updated gross asset value of the Booster Portfolio as of December 31st.
AccorHotels has confirmed the creation of a lifestyle division to be headed by Cédric Gobilliard. The appointment will be effective from February 2017. Gobilliard will report directly to Sébastien Bazin, chairman and chief executive of AccorHotels.
Banyan Tree Holdings has announced that it has entered into an agreement with AccorHotels designed to allow the French hospitality giant to design and manage Banyan Tree branded hotels around the world. AccorHotels will invest an initial €16 million in Singapore-based Banyan Tree and both parties will then co-develop the brands owned by Banyan Tree.
AccorHotels has joined forces with LinkedIn, the world’s largest professional network, to enrich its mobile app with a new service for travellers. All AccorHotels guests can use this new feature, Business Check powered by LinkedIn, to create and facilitate business opportunities.
Olivier Granet, managing director, Middle East, AccorHotels, speaks to Breaking Travel News at the World Travel Awards Middle East Gala Ceremony.
Hertz and AccorHotels have partnered to provide Le Club AccorHotels’ members with special car rental offers, including exclusive benefits, globally. With this partnership, Hertz expands its presence across key global markets. The partner agreement runs until March 2019.
AccorHotels has seen global revenues slip by two per cent to €2,598 million over the first half of 2016, while EBIT fell four per cent to €239 million. Sébastien Bazin, chairman of AccorHotels, said: “With several of our key markets, including France and Brazil, shaken by crises and violent events, the group showed remarkable resilience in the first half of 2016.
AccorHotels has begun exclusive negotiations for the acquisition of John Paul, the leading player in premium customer and employee loyalty services. The hotel chain is seeking to acquire 80 per cent of the company for $150 million, with 20 per cent remaining in the hands of David Amsellem, the founder of the company who will remain as chief executive.