|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||39.20 - 39.20|
|52 Week Range||37.00 - 52.10|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||3.96|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
U.S. hospitality group Host Hotels & Resorts Inc plans to sell its three hotels in Rio de Janeiro and exit the Brazil market, three people familiar with the matter said, as it unloads weaker assets and focuses on its core North American operations. The decision underscores how investments made in Rio ahead of the 2016 Olympic Games have turned into white elephants in a city plagued by rising violence and public finances in disarray. In 1993, the Marriott Corp split into two publicly held companies, investing the lodging real estate in Host Marriott, later renamed to Host Hotels.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion ...
“So, have you heard that Marriott might buy Accor?” That’s what a trusted former colleague and hospitality industry expert told me last week, after hearing the same from multiple sources. At first, it seemed highly improbable, perhaps even incredulous. Like Bernstein Senior Analyst Richard Clarke, who covers European hotels and leisure, my initial reaction was: […] The post Is Accor the Next Starwood? What’s Next for Hotel Mergers appeared first on Skift.
You might think that the co-founder of a lifestyle hotel brand like 25hours might embrace emerging hospitality concepts such as homesharing, co-living, and co-working. But for Christoph Hoffman, CEO of Hamburg-based 25hours Hotels — even though those ideas might be dominating chatter among investors and developers — there’s a danger in everyone chasing the same […] The post Co-Living and Co-Working Are Gimmicks, Declares 25hours Hotels CEO appeared first on Skift.
The chief executive of Accor said it would be complicated for the French hotels group if Chinese shareholder and fellow hotel operator Shanghai Jin Jiang Hotels sought a board seat. CEO Sebastien Bazin told French weekend newspaper Le Journal du Dimanche that the Chinese group had not so far requested a board seat at Accor, whose portfolio include Raffles, Sofitel and Pullman hotels. The Chinese group is Accor's biggest shareholder with a nearly 12 percent stake and voting rights of nearly 18 percent, according to a regulatory filing last October.
International hotel operator Accor opened an internal investigation into allegations that one of its hotels in Australia had a policy of putting Aboriginal guests into dirty, poorly maintained rooms.
Hot on the heels of Accor’s announcement of a new midscale brand, Tribe, comes another addition to the French hospitality company’s portfolio. Through its 50 percent stake in SBE Entertainment Group, Accor is launching a luxury lifestyle brand called The House of Originals, the company announced Tuesday. Both of these launches are not quite as […] The post Accor Taps SBE for New Luxury Lifestyle Brand appeared first on Skift.
In the past three years, the hospitality industry has — slowly but surely — seen more traditional hotel companies begin to embrace homesharing, with companies like Accor, Marriott, and Hyatt testing it out and investing in it in various ways. But what about other hotel brands and companies? Are they beginning to warm up to […] The post This Is What Hotel CEOs Really Think About Homesharing appeared first on Skift.
Hotel brands Accor and Marriott are teaming up with two of the most celebrated soccer clubs in Europe, in a push to market their new loyalty programs. Accor launched its revamped loyalty program Thursday, Accor Live Limitless, by announcing it as the main sponsor of French soccer club Paris Saint-Germain. On the same day, Marriott […] The post Marriott and Accor Each Have a New Partnership With European Football Giants appeared first on Skift.
After channeling his energies in the last two years toward mergers and acquisitions, Accor CEO Sebastien Bazin is now turning more of his attention internally, The result is that Accor will be spending $255 million on a new loyalty program called ALL, which stands for “Accor Live Limitless.” Bazin, in an earnings call with analysts […] The post Accor Rebrands and Launches a New Loyalty Program appeared first on Skift.
AccorHotels, Europe's largest hotel company, posted record operating profits for 2018, helped by cost controls and robust demand in most key regions including France and Brazil. The French company said it would invest 225 million euros (£195 million) over coming years to support new initiatives to boost its presence in hospitality and entertainment services. The programme is expected to reach breakeven in 2021 and the group expects it will help it exceed its 2022 core earnings or EBITDA target of 1.2 billion euros that was presented last November.
What traditional hotel companies once dismissed or derided, some are now welcoming with open arms. But not all hotels are finding it easy to embrace homesharing, or incorporate it into their business plans. One of the earliest adopters, AccorHotels, has struggled to turn a profit from its $169 million acquisition of luxury home rental platform […] The post Hotels Finally Embrace Homesharing: Now What? appeared first on Skift.
France braced on Friday for another wave of protests against high living costs that could inflict more pain on tourism and transport stocks in the euro zone's No. 2 economy, after retailers, airlines and hoteliers suffered their worst week in months. Air France KLM (AIRF.PA), supermarket chain Carrefour and electronics store FNAC Darty (FNAC.PA) have borne the brunt of the selling this week, underperforming their peers as the busy Christmas holiday season begins. "The yellow vest protesters could scare away tourists and hit Accor and Air France, while the consumer sector will be hit as many French people will be put off from going out," said Meriem Mokdad, fund manager at Roche Brune Asset Management.
LONDON/PARIS (Reuters) - French stocks sensitive to the economy and to tourism fell in an otherwise buoyant market on Monday after the worst riots in decades swept Paris, stirring concerns about the possible damage from visitors steering clear of the capital. Supermarket Carrefour and highway operator Vinci were the worst-performing, down 2.1 and 2.6 percent respectively. Shares in hotel chain Accor and airline Air France fell by 1.6 and 2.7 percent.
AccorHotels (ACCP.PA), Europe's largest hotelier, said it had abandoned plans to buy a minority stake in Air France-KLM (AIRF.PA), which has been hit by boardroom and staff unrest. While some investors said they saw sense in a tie-up between AccorHotels and Air France-KLM, notably through cooperation on loyalty programmes, others had questioned why Accor would need to buy a stake in the troubled airline. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses.
AccorHotels is joining forces with Qatar's Katara Hospitality to create a $1 billion fund to invest in sub-Sahara Africa, Europe's biggest hotels operator said on Monday. Rivals Hilton Worldwide Holdings Inc and Hyatt Hotels & Resorts are also taking aim at Africa where the International Monetary Fund (IMF) has forecast economic growth in sub-Saharan Africa of 3.4 percent this year, up from 2.8 percent in 2017.
Anne-Marie Couderc, the interim chairman of Air France KLM, has blamed AccorHotels for complicating and delaying the airline's search for a new chief executive, according to an internal memo seen by Reuters. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses. In June, the French hotel group said it was looking at taking a minority stake in the troubled airline group to help it compete better against travel packages offered by online rivals such as Expedia and Booking.com.
AccorHotels (ACCP.PA), Europe's biggest hotels group, will buy a 50 percent stake in U.S. hospitality mogul Sam Nazarian's upmarket SBE Entertainment Group, in a deal that will see Accor invest a total of $319 million in SBE. The purchase marks the latest example of Accor's recent acquisition spree, with the French group agreeing to buy Chile's Atton Hoteles last month and also looking at taking a minority stake in Air France KLM (AIRF.PA). AccorHotels said the SBE stake would raise its profile in cities such as Los Angeles, Miami, Las Vegas and New York, and give it access to SBE's fashionable millennial clientele.
Sebastien Bazin, chairman and CEO of AccorHotels, discusses the company's cost cutting and investment initiatives.