Accor acquires new hotel assets

AccorHotels has announced the purchase of three hotel asset portfolios in Europe representing 29 hotels (3,677 rooms), for a total of €284 million. The transactions comprise: A portfolio acquired from AXA Investment Managers – Real Assets, acting on behalf of its clients, for a total of €56 million. The portfolio comprises 19 hotels in France (1,512 rooms) that have been operated under variable leases by AccorHotels since 2008, under the ibis budget, ibis, Novotel and Mercure brands. A portfolio purchased from Invesco for €152 million which comprises six hotels (1,347 rooms). Located in Germany (2), Italy (2), the Netherlands (1) and Austria (1), the hotels were operated under fixed and variable leases under the Novotel and Mercure brands. A portfolio purchased from Deutsche AWM for €76 million. This portfolio comprises four Novotel hotels (818 rooms) located in Madrid (2), Barcelona (1) and Seville (1), which were operated under fixed leases prior to the acquisition. Meanwhile the hotel chain swept the board at the British Travel Awards 2015 with eight awards across their Sofitel, Pullman, Mercure, Novotel and ibis brands. AccorHotels’ luxury brand, Sofitel, was awarded Gold in the Best UK Luxury Hotel Brand and Silver in the Best International Luxury Hotel Brand. In the upscale segment, Pullman scooped Best UK Upscale Hotel Brand.