Accor’s investment arm seeks UK expansion
HotelInvest, the owner and investor division of AccorHotels, will open five new hotels in the UK this year and next.
In total, it will invest over £160 million in the properties, which include the flagship Novotel at Canary Wharf, London, due to open in January 2017.
The other four properties in the pipeline are:
– a 120-room ibis Styles at Ealing Apex, London, scheduled to open in June 2016
– a 231-room ibis in Cambridge, scheduled to open in September 2016
– a 146-room Adagio at Edinburgh Carlton Gate, scheduled to open in January 2017
– a 196-room ibis at Canning Town, London, scheduled to open in September 2017.
HotelInvest, which has 97 properties in the UK, said it is seeking further expansion.
"We remain focused on seeking additional growth opportunities and we are very much in the market to buy more hotels in the UK," said COO Herve Deligny.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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