ACCORHOTELS TO ACQUIRE STAKE IN 25HOURS HOTELS

AccorHotels is to acquire a 30% stake in the capital of German group 25hours Hotels, which currently operates eight boutique properties across Germany, Austria and Switzerland. AccorHotels will form a strategic alliance with 25hours and work to expand the brand globally. 25hours’ chief executive officer, Christoph Hoffmann, will continue to run the group

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