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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

42.26EUR
11:35am EDT
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€0.52 (+1.26%)
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€41.73
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€42.12
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€42.42
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€41.79
Volume
937,907
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995,706
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€42.90
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€32.12

Latest Key Developments (Source: Significant Developments)

AccorHotels announced approval of implementation of separation of HotelInvest into a stand-alone legal entity
Friday, 19 May 2017 07:09am EDT 

May 19 (Reuters) - AccorHotels :Approval of the implementation of the separation of HotelInvest into a stand-alone legal entity.Board approved implementation of the internal reorganization to separate its HotelInvest activity under AccorInvest Group.  Full Article

Accorhotels shareholders turn down plan to ditch double-voting rights
Friday, 5 May 2017 12:08pm EDT 

May 5 (Reuters) - AccorHotels Annual Shareholders Meeting.:Accorhotels shareholders reject a proposal blocking the granting of further double-voting rights to long term shareholders..Some 52.36 percent of the votes were cast in favour of the proposal at the annual shareholders meeting while the proposal needed a two-thirds majority to be approved..A group of 14 shareholders, led by Paris-based investment firm PhiTrust and representing 2.3 percent of AccorHotels's capital, had filed the proposal to block the further granting of double voting rights. nL8N1I52M8.  Full Article

AccorHotels acquires digital services group Availpro
Wednesday, 5 Apr 2017 12:01pm EDT 

AccorHotels : says purchases digital specialist Availpro . financial details of transaction not disclosed . Availpro depicts itself on its website as a provider of e-booking software solutions which allows hotels to increase occupancy and revenue Further company coverage: [ACCP.PA] (Paris Newsroom).  Full Article

AccorHotels says acquires digital luxury platform VeryChic
Monday, 3 Apr 2017 12:05pm EDT 

AccorHotels : Says acquires VeryChic, a digital platform for private sale of luxury hotel rooms and apartments a digital platform for the private sale of luxury hotel rooms and apartments, cruises, breaks and packages. . It says VeryChic offers, via its website and mobile application, more than 4,000 exclusive private sales at attractive prices to a member base of more than 5 million. . AccorHotels did not give value of transaction . Says transaction will strengthen AccorHotels expertise in private sales and enable VeryChic to accelerate international development. Further company coverage: [ACCP.PA] (Reporting by Paris Newsroom) ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52;)).  Full Article

Accorhotels in relaunch plan for F1 hotel brand
Wednesday, 8 Mar 2017 12:07pm EST 

AccorHotels says in a statement: Accorhotels says selling to SNI Group (Société Nationale Immobilière - Caisse des dépôts et Consignations group), aaportfolio of 62 F1 hotels made up of 7 fully-owned hotels and 55 hotels leased from the company Silverstone. . Accorhotels says plans to become the majority shareholder of the structure holding the remaining 102 hotel F1 assets. The deal would be carried out via a share capital increase of 51 million euros. .This asset restructuring will finance a relaunch plan for the F1 brand, including a refurbishment program spread over three years..  Full Article

AccorHotels and Rixos Hotels announce strategic partnership
Monday, 6 Mar 2017 01:30am EST 

Accor : Under a long-term joint venture, both parties intend to collaborate, develop and manage Rixos branded resorts & hotels worldwide . Upon closing, AccorHotels will own a 50% interest in the joint venture management company . AccorHotels will integrate in its network 15 iconic hotels located in premium resort markets in Turkey, UAE, Egypt, Russia and Europe and which benefit from strong room rate performance . AccorHotels says Rixos partnership forms part of its strategy to expand in upmarket/luxury hotels sector Further company coverage: [ACCP.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Accorhotels expects to double EBITDA over 5 yeas post Booster
Wednesday, 22 Feb 2017 04:38am EST 

Accorhotels CEO Sebastien Bazin tells a news conference: Expects Ebitda of AccorHotels post Booster plan to double over 5 years - ceo .CEO says Accorhotels likely to retain around 30 percent of the property assets it plans to sell under Booster plan.  Full Article

AccorHotels cautiously optimistic on France - CFO
Wednesday, 22 Feb 2017 02:16am EST 

Accorhotels Chief Executive Sebastien Bazin and Chief Financial Officer Jean-Jacques Morin tell a conference call: CEO says AccorHotels reaping fruits of FRHI acquisition faster than expected, Synerges to be achieved in 2017, one year ahead of schedule . AccorHotels CFO says "cautiously" optimistic on France, january was very positive, recovery will be progressive .AccorHotels CEO says relations with China's Jin Jiang are "good" but nothing new..  Full Article

France's former president Nicolas Sarkozy to joins board of AccorHotels
Tuesday, 21 Feb 2017 12:09pm EST 

Accor says : France's former president Nicolas Sarkozy to join board of directors in replacement of Nadra Moussalem until 2018 shareholders assembly . says Sarkozy joins board as independent member Further company coverage: [ACCP.PA] (Paris Newsroom).  Full Article

Colony's ColDay sells AccorHotels stake - AMF
Tuesday, 7 Feb 2017 11:56am EST 

Accor Sa : ColDay informs AMF market regulator it has crossed 5 percent stake threshold and no longer holds AccorHotels shares . ColDay says stake disposal took form of transfer to financial counterparty .Eurazeo's Legendre Holding says still holds 4.28 pct AccorHotels stake commanding 7.97 pct of voting rights.  Full Article

More From Around the Web

Fitch Places Accor on Rating Watch Evolving

(The following statement was released by the rating agency) LONDON, May 24 (Fitch) Fitch has placed Accor SA's (Accor) Long-Term Issuer Default rating (IDR) and senior unsecured rating of 'BBB-' on Rating Watch Evolving (RWE). A full list of rating actions is at the end of this commentary. Turning HotelInvest (HI) into a subsidiary and selling a majority stake will effectively make Accor a truly asset-light hotel operator, generating recurrent management contract and franchise fees. At present,