HotelInvest receives approval to separate from Accor
 
HotelInvest receives approval to separate from Accor
19 MAY 2017 9:21 AM

AccorHotels’ board of directors approved the implementation to separate its HotelInvest activity under the AccorInvest group as a stand-alone legal entity.

At a meeting held 18 May 2017, the Board of Directors approved the implementation of the internal reorganization to separate its HotelInvest activity (the “Booster perimeter”) under the AccorInvest group, which will operate 960 hotels and have approximately 40 000 employees across 26 countries.

The Board of Directors authorized the signing of a business segment contribution agreement between the Accor and AccorInvest entities.

The Board of Directors agreed the convocation of a special meeting of shareholders to be held on 30 June 2017, to approve the contribution agreement and the corresponding contribution, as well as meetings of applicable bondholders, in accordance with law and regulations.

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