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HomeHospitalityAccorHotels completes the acquisition of Mövenpick Hotels & Resorts

AccorHotels completes the acquisition of Mövenpick Hotels & Resorts

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1 min read

AccorHotels has completed its $559 million acquisition of Movenpick Hotels & Resorts.

In a short statement posted on its website, AccorHotels said the deal was finalised on September 3.

The transaction encompassed 100 per cent of Movenpick company’s share capital, as well as ownership of the Movenpick brand for all activities related to the hospitality business, according to Hospitality.net

The acquisition brings Movenpick’s 84 operating hotels totalling 20,000 rooms into Accor’s portfolio of more than 4,500 properties.

Movenpick also has about 42 signed properties in its development pipeline, which are slated to open before December 2021.

Jeanette Briedenhann
Jeanette Briedenhann
Jeanette Phillips joined the team in 2016. She developed a passion and love for all things-travel related in her role as travel journalist, a position she held for over seven years. A brief exodus into the corporate marketing sphere proved that there is no better industry than the travel industry. Research and writing are two of Jeanette’s greatest passions, but she is always open to new challenges and different ways of doing things.

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