Accor announces that it has completed the sale of its remaining interest in H World Group Limited, formerly Huazhu Group Limited, for $460 million.

This sale of a stake is part of the Group's "asset-light" strategy to simplify its balance sheet, which began last year with the sale and leaseback of its Paris headquarters building, the Tour Sequana, for €465 million.

465 million. This transaction finalises the value creation of the investment initiated in 2016. The cumulative value since 2019 has now reached $1.2 billion, compared to an initial investment of less than $200 million.

Although Accor no longer holds any shares in the capital of H World Group Limited following this transaction, the two groups are nevertheless continuing their "fruitful partnership" and the growth dynamic initiated in 2016.

The master-franchise agreement has resulted in the opening of 450 budget and mid-range hotels in China, mainly under the ibis, Novotel and Mercure brands. 190 additional hotel openings currently in the pipeline are planned over the next three years.