Accor announces material progress in the divestment process of Orbis’ real estate assets

Accor agreed key terms of taking over Orbis’ hotel services business for €286m, and begins disposal of its real estate operations, whose Gross Asset Value (excluding corporate overheads) totaled €1.18bn at end-2018 Paris, France, 2019-Jun-13 — /Travel PR News/ — In line with its “asset-light” strategy, and as presented at Capital Market Day on November 27, 2018, Accor announced today… Read the full press release