Pressmeddelande -
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.
Media relations contacts:
Carina Alfonso Marti
VP Media Relations Worldwide
Tel: +33 1 45 38 84 84
carina.alfonsomartin@accor.com
Line Crieloue
Senior Media Relations Manager
Tel: +33 1 45 38 18 11
line.crieloue@accor.com
Investor and Analyst Relations:
Sébastien Valentin
Senior Vice President, Investor Relations
and Financial Communication
Tel: +33 (0)1 45 38 86 25
Sebastien.valentin@accor.com
Ämnen
- Semester
Regioner
- Stockholm
AccorHotels är världsledare inom resa och livsstil samt en digital innovatör som erbjuder unika upplevelser vid mer än 4300 hotell, resorts och bostäder, samt över 10 000 av de finaste privata bostäderna runt om i världen. I 100 länder har koncernen kompetens som både investerare och operatör. Portföljen består av flera internationellt kända lyxmärken såsom Raffles, Sofitel Legend, Fairmont, SO Sofitel, Sofitel, onefinestay, MGallery by Sofitel, Pullman, Swissôtel och 25hours Hotels. Där återfinns även de populära mellanklass- och boutiquehotellen Novotel, Mercure, Mama Shelter och Adagio, samt ekonomiklasshotellen JO&JOE, ibis, ibis Styles och ibis budget samt de regionala varumärkena Grand Mercure, The Sebel och hotelF1. AccorHotels erbjuder innovativa helhetstjänster som följer kunden genom hela reseupplevelsen, inte minst genom det senaste förvärvet av John Paul, världsledande inom conciergetjänster.
Med en oöverträffad samling av varumärken och en rik historia som spänner över nästan fem decennier har AccorHotels, tillsammans med sitt globala team med mer än 250 000 engagerade medarbetare, en målmedveten passion för att alla gäster ska känna sig välkomna. Hos AccorHotels har gästerna tillgång till ett av världens mest givande hotellojalitetsprogram – Le Club AccorHotels. Hotellkoncernen är även aktiv i sitt engagemang som samhällsmedborgare, med fokus på hållbar utveckling och solidaritet genom PLANET 21 – ett omfattande program som sammanför medarbetare, gäster och partners för att driva en hållbar tillväxt.
Accor SA är noterade på Euronext Paris (ISIN-kod: FR0000120404) och handlas i USA på OTC-marknaden (kod: ACRFY).
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http://www.accorhotels.group
Boka hotell: http://www.accorhotels.com
