AccorHotels in talks to buy hospitality company
AccorHotels and French investment firm Edmond de Rothschild are in exclusive talks to buy upmarket conference and hospitality company Groupe Potel & Chabot.
The acquisition will further strengthen Accor’s hospitality business and follows from Accor’s recent $2.7 billion takeover of FRHI Holdings, which owns the Fairmont, Raffles, and Swissotel brands.
Potel & Chabot Group was founded in 1820 and generates revenues €100 million ($105 million)
AccorHotels deputy chief executive Sven Boinet said a deal would ‘result in numerous opportunities’.
He said: "The partnership of AccorHotels with Potel & Chabot – a legendary luxury brand which offers a wide range of services to a vast network of partners, made up of high-end clients, large corporates and major events – brings a complementary dimension and expertise to our F&B and event organisation strategy.
"Moreover, the combination of their knowledge with our leading positions in luxury hospitality, private rental and concierge services will provide our clients with unique services and expertise regarding tailor-made events."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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