Accor has signaled over several years that it plans to become more asset-light. Bloomberg News reports that the Paris-based hotel giant is about to take more steps as its owner-operator arm sells hotels.
AccorInvest is a hotel owner and operator that, as of September, runs 753 hotels. Accor creates and manages brands and a loyalty program while offering technology and other services.
Sources told Bloomberg that AccorInvest has properties under the Sofitel brand in Paris for sale, along with five Ibis hotels in Britain, a hotel in the Netherlands, a Sofitel in central Europe, and some other properties.
The money will at least partly be used to pay off debts, Bloomberg said.
The companies didn’t comment on the report.
UPDATE: This post has been updated to make clearer how Accor and AccorInvest are two separate companies.AccorInvest Seeks to Sell €2 Billion in Hotels to Slash Debt