Deals
Accor Nears Deal to Buy Luxury Hotel Brand Habitas
- Habitas traces its roots to Burning Man festival in Nevada
- Paris-based Accor set to buy Habitas through Ennismore unit
Accor SA is in advanced talks to acquire luxury hotel brand Habitas, which traces its roots to camps at the Burning Man festival in the Nevada desert, according to people with knowledge of the matter.
The Paris-based hotelier is set to acquire Habitas through its majority-owned subsidiary Ennismore, said one of the people, all of whom asked not to be identified to discuss confidential information. A transaction value couldn’t immediately be learned.