USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries

USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries

It will target greenfield projects, brownfield projects and conversions of existing hotels through acquisitions, in a region which offers robust growth opportunities.

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Accor to buy 50 percent stake of Sam Nazarian’s Sbe, deal valued at USD 319 million

Accor to buy 50 percent stake of Sam Nazarian’s Sbe, deal valued at USD 319 million

The purchase marks the latest example of Accor’s recent acquisition spree, with the French group agreeing to buy Chile’s Atton Hoteles last month.

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Accorhotels announces first SO/ project in the Middle East with DMCC

Accorhotels announces first SO/ project in the Middle East with DMCC

SO/, AccorHotels’ brand, announced its debut property in the Middle East with the SO/ Uptown Dubai. The hotel set to open by late 2020, will feature 188 rooms in addition to 215 branded residences. Inspired by edgy and bold architecture, interiors for the luxury property will be brought to life...

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AccorHotels sells majority stake in AccorInvest

AccorHotels sells majority stake in AccorInvest

AccorHotels has signed agreements with a group of international investors with a view to selling a majority of the capital of AccorInvest. Under the terms of the agreements, AccorHotels would initially sell 55 percent of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely...

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AccorHotels and Dubai College of Tourism host Open Day for Medyaf

AccorHotels and Dubai College of Tourism host Open Day for Medyaf

AccorHotels, in partnership with the Dubai College of Tourism (DCT), hosted an Open Day for Medyaf, an Emiratization program geared towards the hospitality and tourism industries.  The event, organized by the Medyaf team on Tuesday February 13, attracted a variety of candidates from students, fresh graduates to experienced professionals from...

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