Corporate
2015 16th october

AccorHotels pursues the transformation of HotelInvest with the purchase of a portfolio of 43 hotels in France for €281 million

AccorHotels  announces  the  purchase  of  a  portfolio  of  43 hotels  (4,237 rooms)  from Foncière des Régions, for a total of €281 million. Located in France, the hotels have been operated  under variable leases by AccorHotels since 2005 and 2007, under the ibis budget, ibis, Novotel, Mercure, Pullman and Sofitel brands.

The deal is scheduled to be finalized in the first half of 2016 and is subject to the usual conditions for this type of transaction. The agreement includes a substitution clause for  the  buyer,  enabling  HotelInvest  to  immediately integrate  these  hotels  into  its dynamic asset management program. At the same time, considering the solid performance  achieved by the 80 other hotels owned  by  Foncière  des  Régions,  HotelInvest  is  committing  to  renew  their  lease agreements for 12 years, at the end of their respective terms.

"This  transaction  represents  an  important  new  step  in  the  process  of  optimizing HotelInvest, Europe's leading hotel investor in the economy and midscale segments. The agreement with Foncière des Murs, AccorHotels' main lease partner, demonstrates once  again  the  Group's  ability  to  implement  innovative,  win-win  solutions," commented Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels.

ABOUT ACCORHOTELS
AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome. Over 180,000 women and men in 3,800 AccorHotels establishments look after thousands of guests every day in 92 countries. AccorHotels is the world’s leading hotel operator and offers its customers, partners and employees:
- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);
- a  large  portfolio  of  internationally  renowned  brands  covering  the  full  spectrum,  with  luxury  (Sofitel,  Pullman,  MGallery,  Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;
- a powerful marketplace and loyalty program Le Club AccorHotels
- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.
Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY)

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Marie Niel
Investor Relations
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