AccorHotels has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts. The deal, completed in cash, is valued at CHF560 million or €482 million.
With Mövenpick celebrating its 70th anniversary this year, regional director Michael Nugent here tells Breaking Travel News how the company is celebrating the event. Having also recently been recognised for its green credentials, he tells us how important sustainability is for the future of the hospitality sector.
Mövenpick Hotels & Resorts has unveiled a new contemporary hotel on the banks of majestic Lake Tunis, creating a business and leisure destination with a difference in a prime area of the Tunisian capital.
Mövenpick Hotels & Resorts has made its debut in Kenya with the official opening of Mövenpick Hotel & Residences Nairobi.
Mövenpick Hotels & Resorts has appointed seasoned hotelier Simon Dell as general manager of Mövenpick Asara Resort & Spa Hua Hin in Thailand, a new upscale seafront resort set to open this spring.
Mövenpick Hotels & Resorts is gearing up to open its latest property in North Africa – the lakeside Mövenpick Hotel du Lac Tunis in Tunisia’s capital.
Mövenpick Hotels & Resorts has promoted Marc Descrozaille to the role of president Middle East & Africa. He will step into the role from February 1st.
The complex relationship between hotel owners, operators, and online travel agents is keeping prices higher than necessary and could threaten to undermine the Middle East’s hospitality sector at a time when the supply of rooms is set to reach an all-time high, according to delegates at Gulf & Indian Ocean Hotel Investors’ Summit.
The company’s chief operating officer, Middle East & Africa, Andreas Mattmüller, will retire on at the end of the month following a highly successful international hospitality career of 43 years, more than sixteen of which have been spent working in senior positions with the Switzerland-headquartered hospitality firm.
Mövenpick Hotels & Resorts will open a new property in Basra early this year as it looks to capitalise on the city’s status as Iraq’s economic capital and a regional oil and gas hub. The global hospitality firm has signed a deal with Akeel Ibraheem Al-Khalidy to manage the five-star Mövenpick Hotel Basra, a 152-key property that is on track to open its doors in the first quarter of 2018.
Mövenpick Hotels & Resorts is accelerating its expansion drive in Vietnam after signing a deal to manage the Mövenpick Resort Lang Co on the country’s tropical central coast.