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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

27 Mar 2017
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€-0.22 (-0.57%)
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Latest Key Developments (Source: Significant Developments)

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

AccorHotels to acquire Travel Keys
Monday, 6 Feb 2017 03:24am EST 

Accor SA : Announced on Sunday it has begun exclusive negotiations for the acquisition of 100 pct of Travel Keys . The combination of Travel Keys with onefinestay and Squarebreak will provide AccorHotels with an offering of about 8,500 addresses in the luxury private rental market .The transaction is expected to close in Q2 2017 after customary due diligence.  Full Article

Accorhotels launches bond offering 600 mln euros, 7 year maturity, annual coupon of 1.25 pct
Wednesday, 18 Jan 2017 12:30pm EST 

Accorhotels : Successful launch of a bond offering 600 million euros ($640.74 million), 7 year maturity, annual coupon of 1.25% . The offering was widely over-subscribed .The transaction was completed within a short time, and at a very favorable conditions; based on these elements, the bond was finally raised to 600 million euros.  Full Article

Accorhotels strikes hotel restructuring deal with Abu Dhabi
Wednesday, 21 Dec 2016 11:46am EST 

Accorhotels : Announces deal with Abu Dhabi Investment Authority to restructure portfolio of 31 hotels . To acquire 15 Ibis and Ibis Budget hotels for A$200 mln (137 million euros), new management contracts or extensions on remaining 16 . Says acquisition will contribute to 2017 group EBIT Further company coverage: [ACCP.PA] (Reporting by Laurence Frost) ((laurence.frost@thomsonreuters.com;)).  Full Article

​Banyan Tree and AccorHotels announce strategic partnership
Thursday, 8 Dec 2016 03:58am EST 

Accor SA : Reported on Wednesday Banyan Tree Holdings announced that it has entered into a heads of agreement with AccorHotels . Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree branded hotels around the world . Will invest an initial sum of SGD 24 million, approximately 16 million euros ($17.24 million) . This investment will be made through a mandatory convertible debenture that at conversion will give AccorHotels an approximately 5 pct stake in Banyan Tree .AccorHotels has an option to purchase an additional approximately 5 pct stake.  Full Article

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Fitch Revises NH Hotel Outlook to Positive; Affirms IDR at 'B'

(The following statement was released by the rating agency) LONDON, March 24 (Fitch) Fitch Ratings has revised NH Hotel Group S.A's. (NH) Outlook to Positive from Stable, while affirming its Long-Term Issuer Default Rating (IDR) at 'B'. Fitch has also affirmed NH's 2019 and 2023 senior secured notes at 'BB-' with a Recovery Rating 'RR2.' The planned EUR115 million 2023 bond tap issue is neutral to future bond recovery expectations. The change in the outlook to Positive reflects the company'