Pressemitteilung -
AccorHotels acquires Mövenpick Hotels & Resorts
AccorHotels has today announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro forma 2019e EBITDA after run rate synergies and committed development pipeline. The transaction will have an accretive impact on Group earnings from the first year.
Founded in 1973 in Switzerland, Mövenpick Hotels & Resorts operates in 27 countries with 84 hotels (more than 20,000 rooms) and a particularly strong presence in Europe and the Middle East. Mövenpick Hotels & Resorts also plans to open 42 additional hotels by 2021, representing almost 11,000 rooms, with significant expansion in Middle East, Africa and Asia-Pacific. The Group, which has high-end expertise in the main hotel-related services, employs more than 16,000 people worldwide.
Sébastien Bazin, Chairman and CEO of AccorHotels, said, “With the acquisition of Mövenpick, we are consolidating our leadership in the European market and are further accelerating our growth in emerging markets, in particular in Middle East, Africa and Asia-Pacific. The Mövenpick brand is the perfect combination of modernity and authenticity and ideally complements our portfolio. Its European-Swiss heritage is a perfect fit with AccorHotels. By joining the Group, it will benefit from AccorHotels’ power, particularly in terms of distribution, loyalty-building and development. This transaction illustrates the strategy we intend to pursue with the opening up of AccorInvest’s capital: to seize tactical opportunities to strengthen our positions and consolidate our leaderships, as well as leverage our growth.”
Mövenpick Hotels & Resorts will benefit from AccorHotels’ loyalty program, distribution channels and operating systems, which will help optimize their performance.
This acquisition further consolidates the current footprint in Europe and in the Middle East and accelerates growth notably in key regions where the Group has been established for many years, such as Africa and Asia.
The transaction is subject to regulatory approvals. It should be completed during the second half of 2018.
Themen
- Wirtschaft, Finanzwesen
Über AccorHotels
Als führende Reise- und Lifestylegruppe bietet AccorHotels weltweit einzigartige Erlebnisse in mehr als 4.300 Hotels, Resorts und Residences sowie in über 10.000 exklusiven Privatwohnungen. AccorHotels gilt zudem als innovativer Vorreiter für seine Digital-Strategie. Mit doppelter Kompetenz als Investor und Hotelbetreiber ist der Konzern in 100 Ländern vertreten – in Deutschland ist AccorHotels Marktführer mit rund 360 Hotels der Marken Fairmont, SO Sofitel, Sofitel, MGallery by Sofitel, Pullman, Swissôtel, 25hours, Novotel, Novotel Suites, Mercure, Adagio, ibis, ibis Styles, ibis budget und Adagio access. Weltweit ergänzen die Marken Raffles, Sofitel Legend, onefinestay, Grand Mercure, The Sebel, Mama Shelter, JO&JOE und hotelF1 das Portfolio. AccorHotels bietet innovative End-to-End-Services über die gesamte Reiseerfahrung, vor allem durch die Übernahme von John Paul, dem weltweiten Marktführer für Concierge-Services.
Mit seiner Markenkollektion und Erfolgsgeschichte über fünf Jahrzehnte gibt AccorHotels mit seinem globalen Team – bestehend aus mehr als 250.000 Mitarbeiterinnen und Mitarbeitern – ein Versprechen: Feel Welcome. Jeder Gast ist eingeladen, am weltweiten Treueprogramm Le Club AccorHotels teilzunehmen. Das Konzernprogramm PLANET 21 – gesellschaftliches Engagement, nachhaltiges und solidarisches Verhalten – setzen alle Hotels gemeinsam mit Gästen und Partnern an den jeweiligen Standorten um.
Accor SA ist an der Euronext in Paris (Code ISIN: FR0000120404) und am OTC-Markt in den USA (Code ACRFY) notiert.
