Accor Plans to Separate, Sell Majority of HotelInvest UnitBy
Move comes after Accor completes purchase of Fairmont brands
Assets have climbed more than 25% to $7.8 billion since 2013
Accor SA, Europe’s biggest hotel operator, will separate its HotelInvest unit and plans to eventually sell a majority stake in the subsidiary to free up funds for the parent company to expand and improve existing lodgings.
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