The agreement of the group Accor with G. & G. Gestione Turismo comes into practice with the opening of the first hotel La Griffe Roma MGallery Collection in Rome. The cooperation with the French group forms part of a wider project that finances also the Acanthus project in Civitavecchia. This one will be Italy’s largest thermal center, with an extension of almost 250 hectares of surface. It is estimated that 120 million euros approximately will be invested for its realization, totally at the expense of private people.
AccorHotels to sell 85 European Hotels
The 85 hotels are being sold to a new, private hotel franchisee operator. The 85 hotels have an asset value of €594 million and are mostly midscale and economy hotels. The new entity will be dual owner by AccorHotels (30%) and Eurazeo (70%). The hotels are located in France, Spain, Italy, Portugal, Germany, Austria, the Netherlands, and Belgium. The 85 hotels will remain under their AccorHotels flag, but will undergo renovations estimated at €100 million, in addition to the €358 million purchase price.The sale and creation of the new company was done in order to make AccorHotels more “Asset-Medium.”
