Breaking: AccorHotels completes acquisition of Mövenpick Hotels & Resorts

Share
Tweet
Post
Send

AccorHotels has announced the completion of its acquisition of Mövenpick Hotels & Resorts.

The Enterprise Value (EV) represents CHF 560M (€482M) and encompasses 100% of Mövenpick company’s share capital, as well as ownership of the Mövenpick brand for all activities related to the hospitality business.

The transaction illustrates AccorHotels’ ambition to seize tactical opportunities to strengthen its positions and consolidate its leadership, as well as to leverage growth. As an asset-light business, the acquisition of Mövenpick is perfectly aligned with AccorHotels’ strategy.

Comprised of 84 properties with over 20,000 rooms and 42 signed pipeline hotels to be opened before December 2021, the Mövenpick network consolidates AccorHotels’ footprint in Europe and Asia while accelerating growth in Africa and the Middle East, where Mövenpick enjoys significant brand awareness.

“With a footprint in more than 20 countries, we strongly believe Mövenpick represents a strategic opportunity to bring synergies and new developments in key areas. Mövenpick’s European-Swiss heritage and its combination of modernity and authenticity embodied by committed and talented teams fit perfectly with AccorHotels’ core value.

“Along with our new partners and thanks to our strengthened brand offering further enhancing the variety of experiences available to our clients, we look forward to a rewarding future together,” Sébastien Bazin Chairman and CEO of AccorHotels said in a release on the company’s official website.

Mövenpick Hotels & Resorts will benefit from AccorHotels’ loyalty program, distribution channels and operating systems that will ultimately serve to improve top-line performance across the network.

A highly reputable hotel brand, Mövenpick is uniquely positioned to complement AccorHotels’ portfolio.

Share
Tweet
Post
Send

Related Posts

Sponsored

Follow Us

Follow Us on X

#VoyagesAfriq The Uganda Tourism Board (UTB) has announced Juliana Kagwa, a highly accomplished leader in marketing and management, as its new CEO. @JulzKagwa @TourismBoardUg

🔗

#VoyagesAfriq || The largest ever edition of @IMEX_Group Frankfurt opened its doors yesterday . The show, taking place May 20-22, is the biggest yet in terms of exhibitor floor space, welcoming almost 3,000 exhibiting companies.

🔗 #imex2025

#VoyagesAfriq | Don’t miss your runway moment at WTE Miami 2025, Sept 17–18!

2 days, 400+ exhibitors, 60+ countries, 1 global hub.

Early registration = exclusive perks + premium visibility.

Book your space now!

https://wtemiami.com/

#VoyagesAfriq | ICCA unveils the 2024 Country & City Rankings, offering strategic insights into global association meetings.

The enhanced report affirms ICCA’s role in driving impact and legacy.

Read more:

@ICCAWorld

Load More