21 MARCH 2016

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Article from BTNews 21 MARCH 2016

Accor in the UK

The HotelInvest division of AccorHotels will open five new hotels in the UK in 2016 and 2017 to add to its existing UK portfolio of 97 properties.

These investments include the flagship Novotel at Canary Wharf, London, which at 39 storeys will be the world’s tallest Novotel, providing 313 rooms from January 2017.

Other properties added to its portfolio to date are:

120-room ibis Styles at Ealing Apex, London, scheduled to open in June 2016

231-room ibis in Cambridge, scheduled to open in September 2016

146-room Adagio at Edinburgh Carlton Gate, scheduled to open in January 2017

196-room ibis at Canning Town, London, scheduled to open in September 2017

HotelInvest was formed in November 2013 when AccorHotels took the decision to split its business into two distinct fields of expertise: HotelServices, a hotel operator and franchisor, and HotelInvest, a hotel owner and investor.

HotelInvest is tasked with developing AccorHotels’ owned portfolio of hotels.  This comprises optimisation of the ownership structure of its existing portfolio to ensure maximum profitability; managing its assets by investing in renovations, refurbishments or extensions.

Hervé Deligny, COO of HotelInvest, confirmed that Accor is very much in the market to buy more hotels in the UK.   www.hotelinvest.org/en     www.accorhotels.com

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