Accor SA Acquires South American Hotel Portfolio of Grupo Posadas SAB de CV for USD 275 Million

Accor SA announced that it has acquired the South American hotel portfolio of Grupo Posadas SAB de CV. The total amount paid by Accor SA for this acquisition is USD 275 million. The transaction includes 15 hotels, of which 4 owned hotels, 4 variable leased hotels and 7 hotels under Management contract. These hotels are located in cities such as Sao Paulo and Rio de Janeiro in Brazil, Buenos Aires in Argentina and Santiago in Chile. 11 of these 15 hotels are located in Brazil.