The appointment of the former CEO of the French platform and Head of Separate Accounts Continental Europe of CBRE Global Investors, will be effective as of June 18, 2014.

John Ozinga joins the Accor group in the position of general manager of HotelInvest, Accor's asset management division that was created with the group's new strategy. His nomination will become effective from June 18, 2014.

"I am very happy that John has agreed to join Accor. He brings 20 years of experience in real estate as well as in-depth knowledge of the hospitality industry in general and of Accor in particular, since he spent 10 years with the Group. These will be valuable skills for the rapid deployment of Accor's new real estate roadmap. With HotelInvest, Accor has clearly chosen to reinforce its hotel owner and investor activity. We are Europe's leading hotel investor and our objective is to consolidate this position and improve the return on our assets. John has the know-how and experience to drive this ambition and meet these objectives together with the HotelInvest teams," declared Sébastien Bazin, Chairman and CEO of Accor.

John Ozinga's 20 years in real estate in France and internationally saw him in different management positions centering on investment strategies, portfolio and asset management, development and raising of capital. He began his career in 1991 at the Accor group, as Development Director for the United Kingdom, Ireland and Benelux. John Ozinga was then named Vice President of development in Europe for Dolce hotel group in 2001, prior to becoming executive vice-president in charge of international real estate activities for Groupe Casino in 2004, and then director of Carrefour Property France in 2008. Prior to returning to Accor, he was CEO of the French platform and Head of Separate Accounts Continental Europe of CBRE Global Investors, a world leader in real estate investment management.