Accor sells the Sofitel Paris La Défense under a €22m Sale & Management-Back agreement
As part of its asset management strategy, Accor announces the sale of the Sofitel Paris La Défense under a sale and management-back agreement, for a total value of €22m (€144,000 per room). The hotel will continue to be operated by Accor under a long-term management agreement. The acquisition is carried out jointly by Amundi Real Estate, a leader in third-party real estate asset management, and Algonquin, a hospitality investor and asset...
As part of its asset management strategy, Accor announces the sale of the Sofitel Paris La Défense under a sale and management-back agreement, for a total value of €22m (€144,000 per room). The hotel will continue to be operated by Accor under a long-term management agreement. The acquisition is carried out jointly by Amundi Real Estate, a leader in third-party real estate asset management, and Algonquin, a hospitality investor and asset manager, which already owns 7 hotels operated by Accor through management or franchise contracts in France and the United Kingdom. This operation highlights once again the Group's ability to deliver its asset management strategy, in partnership with leading investors.
About Accor, a world-leading hospitality group
Accor is a world-leading hospitality group offering stays and experiences across more than 110 countries with over 5,600 hotels and resorts, 10,000 bars & restaurants, wellness facilities and flexible workspaces. The Group has one of the industry's most diverse hospitality ecosystems, encompassing around 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. ALL, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay and gives its members access to unique experiences. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor's mission is reflected in the Group's purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care. Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit group.accor.com or follow us on X, Facebook, LinkedIn, Instagram and TikTok.