AccorHotels has reported consolidated first-quarter 2017 revenue of €425 million, up 35.4 per cent on last year, or 7.4 per cent on a like-for-like basis. Changes in the scope of the company made a positive contribution of €82 million, or 26 per cent.
AccorHotels today opens its new flagship Novotel in London’s Canary Wharf to guests. The hotel, which represents a £90 million investment from AccorHotels, situated at 40 Marsh Street and at 127 metres high, is one of the tallest buildings in the area, with 360 degree views of London taking in sights including The Shard, the Olympic Park and Greenwich Park.
AccorHotels has announced the signing of a hotel management agreement with New Mauritius Hotels, one of the oldest and largest owning and management hospitality companies based in Mauritius. The new agreement will see AccorHotels re-launch the existing property under the Fairmont Hotels & Resorts brand in May 2017.
AccorHotels has completed the acquisition of VeryChic, a digital platform for the private sale of luxury hotel rooms and apartments, cruises, breaks and packages. VeryChic now enables more than 3,000 luxury and upscale hotel partners to optimize their distribution and provides them with access to new guests via its private sales.
Edmond de Rothschild Investment Partners and AccorHotels have entered into exclusive negotiations with the shareholders of Potel & Chabot to acquire the group’s entire share capital. By investing in the brand, Edmond de Rothschild and AccorHotels will respectively hold 51 per cent and 40 per cent of the share capital.
AccorHotels and Rixos Hotels have announced a strategic partnership illustrating AccorHotels’ strategy to expand its presence in the luxury market. The group is seeking to develop a primary focus on developing global activities in the resort segment.
AccorHotels announces it has signed an agreement with Brazil Hospitality Group and its shareholders, funds managed by GP Investments and GTIS Partners, in order to take over the management of 26 hotels currently owned or managed by BHG, the third-largest hotel company in Brazil.
AccorHotels is engaged in a process to transform itself from a traditional hotel company into an all-encompassing hospitality organisation. As he visits London to bring investors up to date on progress, Breaking Travel News editor Chris O’Toole sits down with chief executive Sébastien Bazin to find out more.
AccorHotels has reported financial results for 2016, revealing an 8.1 per cent increase in net profits to €266 million when compared to the previous year.
The board of AccorHotels has unanimously co-opted Nicolas Sarkozy as an independent director. He will serve the organisation for the remainder of Moussalem Moussalem’s, with the former director having stepped down following Colony Capital’s decision to sell its shareholding in Accor.