Accor Hotels News

AccorHotels signs new property at London Stansted

AccorHotels signs new property at London Stansted

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 successfully places €600m bond offer

AccorHotels successfully places €600m bond offer

18th Jan 2017 Hotel News

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.

HotelInvest valued at €6.6bn by Accor

HotelInvest valued at €6.6bn by Accor

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.

Banyan Tree signs innovative partnership with Accor

Banyan Tree signs innovative partnership with Accor

8th Dec 2016 Hotel News

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.

Terror attacks take toll on revenues at AccorHotels

Terror attacks take toll on revenues at AccorHotels

28th Jul 2016 Hotel News

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.