AccorHotels Group annou ced lately it is talking to potential investors for the intended sale of a majority of its HotelInvest branch (project b ooster). AccorHotels Germany herewith informs about related adjustments in the leadership team since January 1st. For details see the overview of the Executive Committee of the AccorHotels Group here: http://www.accorhotels-gr oup.com/en/group/organization/executive-committee.html.In the current transitional period Laurent Picheral takes over the newly created position as global Deputy CEO/COO of HotelInvest focusing on project booster together with newly appointed CEO of HotelInvest John Ozinga.
About project Booster:
HotelInvest is to streamline and manage the existing asset portfolio through disposals and acquisitions based on three criteria: margin, cash generation and location. The goal for HotelInvest is to establish the leading hotel investor in the economy and midscale segments in Europe, focus on cash-flow generation and reduce result volatility, optimize CAPEX (Capital Expenditure) allocation strategy and support AccorHotels’ development by investing selectively in properties. On July 2016, the Group pursued its strategy
of continuous improvement and significant expansion by initiating a project to create a dedicated subsidiary for its HotelInvest operations. The goal for the “Booster” project is to provide AccorHotels with greater financial resources to speed up growth in these two business lines within the Group, while enabling us to open up HotelInvest’s share capital to outside investors, which will ev entually take a majority stake.
Accor SA ist an der Euronext in Paris (Code ISIN: FR0000120404) und am OTC-Markt in den USA (Co de ACRFY) notiert.