As part of the group’s strategy to restructure the assets of HotelInvest, its hotel owner and investor business, Accor has revealed the sale and franchise-back of seven hotels.
The deal, worth €32.6 million, comes with a commitment from the buyers to carry out €5.2 million worth of renovations.
The transactions were carried out with two strong partners: Starboard Hotels. for a portfolio of five ibis hotels (Birmingham Bordesley Circus, Leicester City, London Gatwick Airport, Plymouth and Sheffield City) and a joint venture between Cannock Investments and Hetherley Capital Partners for the ibis Coventry Centre and the ibis Dublin West in Ireland.
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