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Accor SA announces new company structure


Wednesday, 27 Nov 2013 01:03am EST 

Accor SA:Says it will reorganize its activities around two core businesses.Says it will implement a new organization built by geography.Says brands will be grouped by segment.Says it will have a new Executive Committee with 10 members, including the 5 regional Heads of operations.Says first business division will be HotelServices, a fee-oriented hotel operator and brand franchisor.Says HotelServices will operate nearly 3,600 hotels and 460,000 rooms worldwide under 14 brands worldwide.Says second business division will be HotelInvest, a hotel owner and investor.Says HotelInvest will comprise the Owned & Leased and shared service activities.Says HotelInvest will start with a portfolio of c.1,400 hotels of which nearly 300 are in full ownership. 

Company Quote

36.8
-0.0050 -0.01%
3:01am EST