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Provider: Finlabo SIM Spa
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Accor SA Announces Completion of Motel 6 Disposal

Tuesday, 2 Oct 2012 02:03am EDT 

Accor SA announced the completion of the sale of its Motel 6 / Studio 6 hotels in North America to an affiliate of Blackstone Real Estate Partners VII, for an amount of USD 1.9 billion. This transaction allows Accor SA to reduce its adjusted net debt by approximately EUR 780 million. Following the divestment, Accor SA operates 17 Sofitel and Novotel hotels in North America, of which 9 in the United States and 8 in Canada. 

Company Quote

-0.145 -0.40%
19 Sep 2014