Accor Hotels News

Sarkozy appointed to board of AccorHotels

Sarkozy appointed to board of AccorHotels

22nd Feb 2017 Hotel News

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.

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.