AccorHotels to consolidate leadership in Brazil
AccorHotels announces it has signed an agreement with Brazil Hospitality Group (BHG)and its shareholders, funds managed by GP Investments and GTIS Partners,in order to take over the management of 26 hotels (c. 4,400 rooms) currently owned or managed by BHG, the third-largest hotel company in Brazil.
The portfolio includes economy, midscale and upper upscale hotels in Brazil’s major markets, especially in Rio de Janeiro and Sao Paulo, complementing well AccorHotels’ existingnetwork in Brazil, and consolidating the Group’s leadership across all segments.The hotels will undergo major renovation and repositioning works and shall progressively be reflagged until the end of 2019under AccorHotels brands,including ibis, ibis Styles, ibis Budget, Mercure, Novotel, Mama Shelter,MGalleryby Sofitel and Pullman, underlong-term management agreements.
The management portfolio will be acquired by AccorHotels for a considerationofR$ 200m, or c. €60m at current exchange rate. The transaction is expected to close in Q4 2017 and is subject to the approval of the Brazilian antitrust authority. It will be accretive to AccorHotels results as soon as 2018, notably thanks to significant synergies with the Group’s existing operating platform in the country.
雅高酒店集团宣布与巴西第三大酒店集团巴西酒店管理集团（BHG）及其股东——GP Investments和GTIS Partners签署协议，管理BHG在巴西的26家酒店，共计4,400间客房。