Accor finalises Mövenpick acquisition

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AccorHotels has completed its acquisition of Mövenpick Hotels & Resorts, with a 100% purchase of the share capital.

Through the acquisition, Mövenpick’s network of 84 properties, representing over 20,000 rooms, will join Accor’s existing portfolio of more than 4,500 hotels, resorts and residences and 10,000 private homes around the globe.

Accor has accelerated its growth in key regions such as Africa and the Middle East, where Mövenpick enjoys significant brand awareness through 69 operational and pipeline hotels comprising over 18,000 rooms, making it the largest operator by room numbers in the region.