ACCOR BUYS PORTFOLIO OF LEASED HOTELS IN THE UK

Accor’s investment and hotel owning division, HotelInvest, has acquired a portfolio of 13 hotels (1,194 rooms) across the UK from investor Tritax for £71 million (£59,500 per room). Accor has operated the hotels, which include 12 Ibis properties and one ibis budget hotel, under leases since 2001. The deal means that three Accor-owned F1 hotels adjacent to the hotels in Liverpool and London will become extensions of the ibis hotels, with the aim of rationalizing the HotelInvest portfolio.

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