AccorHotels acquires Mövenpick Hotels & Resorts for €482 million

PARIS, France, 2018-May-02 — /Travel PR News/ — AccorHotels has today announced that it has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for a cash amount of CHF560 million (€482 million). The transaction implies a 14.9X 2019e EBITDA multiple before synergies (including transaction costs), and less than 10X pro… Read the full press release