As part of its asset management strategy, Accor announces the sale of the Novotel Times Square in New York under a sale and management-back agreement, for a total value of €160m (€335,000 per room). The selling price amounts to €71m. The buyer has committed to complete a full renovation of the hotel between 2012 and 2013, at an estimated cost of €89m based on a scope defined by Accor. The hotel w...

Accor opens the 11th hotel of its midscale brand Novotel in Brazil with its historical local partner, Atrio Hotéis, specialized in the development and management of hotels, and with Prisma Engenharia, a real estate company. Both partners invested BRL 30 million to develop this 166-room hotel.

This will mark the first time an exhibit featuring the international icon will appear in North America. The exhibit, which was designed in collaboration with Henry-Jean Servat, a famed French journalist and author, retraces the life of French icon Brigitte Bardot with an exclusive selection of photos, following her extraordinary cinematographic experience from teenage dreamer to modern day star. ...

2011 was another record year for Accor in Asia Pacific. The company added 67 hotels in 10 countries throughout the region. Accor ended 2011 operating almost 480 hotels (92,000 guest rooms) in 16 countries in Asia Pacific. This extraordinary growth firmly secures Accor's position as the leading operator of hotels in the important Asia Pacific region.

The acquisition of Mirvac is fully in line with Accor's ambitious development strategy announced last September, which includes a target of 40,000 room openings each year in 2012 and 2013, mostly in an asset-light capacity. This operation also demonstrates Accor's ability to secure its leadership in mature markets, through selective acquisitions. With this transaction, the Group's network in Aust...

Accor recently decided to assess its environmental impact 15 years after it took a stand and started taking concrete action to embrace sustainable development. This Group started working on gauging its environmental footprint at the end of 2010, to gather a comprehensive corpus of reliable facts in order to step up its strategy on that front. This study is in a class of its own, and stretches bey...

Accor announces the sale of seven Suite Novotel hotels in France for €77 million, as part of its asset-light strategy. Representing a total of 930 rooms, the hotels will be leased back under variable-rent contracts. The transaction will be carried out before the end of 2011 with a consortium of leading French institutional investors through a property investment fund (OPCI) managed by La Français...

Accor, the world's leading hotel operator and the market leader in Europe, is set to realise its ambition to increase the UK network to 300 hotels by 2015 with the signing of a franchise agreement with Jupiter Hotels Ltd, the new owners of the former Jarvis hotels. This is a landmark deal for the UK hotel industry in 2011.

"The summer has been extremely strong, September is going strong, as far as we can see, October is going well as well," Denis Hennequin, Accor Hotels CEO, told CNBC. Hennequin comments on Accor's new strategy with its economy brands ibis, ibis styles and ibis budget.

Accor, now a pure-player in hotels with the acknowledged three-fold expertise of a hotel operator, hotel franchisor and hotel asset manager, unveils its new strategy and inaugurates a new chapter in its history with the economy brands ibis, ibis styles and ibis budget.