Accor, Ennismore add 17 hotels in the Americas

Accor, Ennismore add 17 hotels in the Americas

The European hotel companies will manage beachfront properties through an agreement with Mexico-based Royal Holiday Group.

Accor Expands Its Network in the Americas with the Addition of 17 Hotels

Accor today announced it has entered into exclusive negotiations with Royal Holiday Group to acquire 17 management agreements (3,200 keys). The portfolio includes six existing All-inclusive Resorts in Mexico (1,660 keys) to be managed by Ennismore, as well as eleven existing resorts and city hotels in Mexico, Argentina, Puerto Rico and the USA (1,540 keys) to be managed by Accor PM&E Americas. The total consideration of $79M will be paid in phas…

Accor and Ennismore Expand Network in the Americas

PARIS, France—Accor announced it has entered into exclusive negotiations with Royal Holiday Group to acquire 17 management agreements (3,200 keys). The portfolio includes six existing all-inclusive resorts in Mexico (1,660 keys) to be managed by Ennismore, as well as eleven existing resorts and city hotels in Mexico, Argentina, Puerto Rico, and the United States (1,540 keys) to be managed by Accor PM&E Americas. The total consideration of $79 mi…

Accor, a French multinational that owns and manages hotels, began exclusive negotiations with the Mexican-born Royal Holiday Group, to acquire 17 hotel management agreements, most of which are located in beach destinations in Mexico.See more: Combining leisure and work is a travel trend, according to Accor's global CEOThe US$79 million operation, which will be raised by Accor in phases, will partially finance a plan to renovate Royal Holiday Gro…

Accor Aims to Acquire 17 Hotels in North and South America

Skift Take: Accor's planned deal represents a calculated but incremental step toward establishing a meaningful presence in all-inclusive resorts and lifestyle hotels in the Americas. -Luke MartinRead the Complete Story On Skift

The French group Accor announced on Wednesday that it began negotiations with Royal Holiday Group to obtain management agreements for 17 hotels in Mexico, Argentina, Puerto Rico and the United States, which represent 3,200 rooms.The total payment is $79 million (to be made in phases to be defined) and will be destined for partial financing of the 130 million dollars property renovation plan, in the next 30 months.“This is an incredible opportuni…