Accor announces it has agreed to restructure Mövenpick hotels' lease portfolio through a sale & management back agreement with HR Group, a German private fund. This will result in a €429m reduction of Accor's consolidated debt, predominantly related to IFRS 16 lease liabilities.

The agreement comprises 16 hotel leases located in Germany, Switzerland and the Netherlands, including 3 hotels currently in the pipeline, which will be managed by Accor under a 20-year contract.

Completion of the transaction will be subject to customary conditions, including merger control clearance.

About Accor, a world-leading hospitality group

Accor is a world leading hospitality group offering experiences across more than 110 countries in 5,600 properties, 10,000 food & beverage venues, wellness facilities or flexible workspaces. The Group has one of the industry's most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is committed to taking positive action in terms of business ethics & integrity, responsible tourism, sustainable development, community outreach, and diversity & inclusion. Founded in 1967, Accor SA is headquartered in France and publicly listed on Euronext Paris (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit www.group.accor.com or follow us on X, Facebook, LinkedIn, Instagram and TikTok. 

Line Crieloue
Senior PR Manager Accor Luxury Brands
+33 1 45 38 18 11
Accor