AccorHotels has completed its acquisition of Movenpick Hotels & Resorts. The Enterprise Value (EV) represents €482m and encompasses 100% of Movenpick company’s share capital, as well as ownership of the Movenpick brand for all activities related to the hospitality business. The transaction illustrates AccorHotels’ ambition to seize tactical opportunities to strengthen its positions and consolidate its leadership, as well as to leverage growth. As an asset-light business, the acquisition of Movenpick is perfectly aligned with AccorHotels’ strategy.
Comprised of 84 properties with over 20,000 rooms and 42 signed pipeline hotels to be opened before December 2021, the Movenpick network consolidates AccorHotels’ footprint in Europe and Asia while accelerating growth in Africa and the Middle East, where Mövenpick enjoys significant brand awareness.
