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Latest news about buyouts of groups / hotels

Here you will find the latest articles in this category. Do not hesitate to subscribe to our daily free newsletter to receive upcoming news directly in your inbox.

AccorHotels and Algeciras agree to buy Chilean group Atton Hoteles

AccorHotels and Chilean group Algeciras announce that they signed an agreement with the shareholders of Atton Hoteles in order to acquire the company. As per the agreement, AccorHotels will acquire 100% of the management Company that operates 11 Atton hotels (2,259 rooms) across Chile, Peru, Colombia and Florida, USA. Besides, AccorHotels will acquire 20% of the Property Company that owns these assets, the remaining 80% being bought by Algeciras. Atton Hoteles was founded in Chile in 2000. The hotels cater to the business travelers on the midscale and upscale segment. It has 3 hotels under deve...


AccorHotels acquires Mövenpick Hotels & Resorts

AccorHotels has today announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro forma 2019e EBITDA after run rate synergies and committed development pipeline. The transaction will have an accretive impact on Group earnings from the first year.Founded in 1973 in Switzerland, Mövenpick Hotels & Resorts operates in 27 countries with 84 hotels (more than 20,000 rooms) and a particularly strong presence in ...


AccorHotels signs strategic agreement with Mantis Group

Leading hospitality Group acquires 50% stake in Mantis Group, the South Africa-based hospitality and travel conglomerate AccorHotels has today announced a strategic partnership with the South Africa-based Mantis Group, a collection of award winning, privately owned, managed and branded five star properties and lodges located around the world, across all seven continents. From boutique hotels, eco lodges, game reserves and luxury houseboats to adventure tourism as well as a bespoke tour operating division, the agreement reinforces AccorHotels as a leader in curated ...


IHG signs Crowne Plaza Doha West Bay in partnership with Tanmiyat Real Estate

IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced the signing of Crowne Plaza Doha West Bay in partnership with Tanmiyat Real Estate. Currently operating as the M Doha Hotel, the hotel is expected to be rebranded by August 2018, aligning with IHG’s strategy to grow the Crowne Plaza brand across the region.Dr. Braik Bin Samikh, Chairman of Tanmiyat Real Estate, signed the agreement for Crowne Plaza Doha West Bay with Mr. Pascal Gauvin, Managing Director, India, Middle East & Africa, IHG.The signing ceremony was held at the M Doha Hotel in the presence of dignitaries from Embassi...


Formosa International Hotels (FIH) announces strategic alliance with InterContinental Hotels Group (IHG)

Formosa International Hotels Corporation (FIH) today announces that it has formalised a joint venture agreement with InterContinental Hotels Group (IHG) to accelerate the international expansion of Regent Hotels & Resorts (Regent). Under this agreement, IHG will take a controlling stake in Regent. All current Regent properties will join IHG’s global online reservation system and loyalty program, accelerating the growth of both sales and profits. Also, IHG will have the rights to develop and manage all existing and new Regent hotels outside of Taiwan whilst FIH shall retain exclusive rights to develop and manage future developments under the Regent brand in Taiwan, including...


IHG expands luxury footprint, acquires 51% stake in Regent Hotels & Resorts

IHG today announces that it has agreed to acquire a 51% stake in Regent Hotels and Resorts (“Regent”) for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026. IHG will bring Regent into its brand portfolio at the top end of the luxury segment and will accelerate its growth globally, supported by IHG’s powerful enterprise. IHG’s intention is to grow the brand from six hotels today to over 40 hotels in key global gateway city and resort locations over the long term.Synonymous with timeless modernity, understated luxury and intuitive service, the Regent brand has set the benchmark for luxury hotels global...


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