Accor sells its shares in H World Group Limited

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Published on 19 January 2023

cession parts Huazu

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.

Accor

Accor

Hotel Group

  • Accor France
  • Offres d'emplois 32 currents job offers
SEE THE NOTE
Huazhu

Huazhu

Hotel Group

  • Huazhu China
SEE THE NOTE
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