Accor Considers US IPO for Lifestyle Hotel Arm Ennismore

A guest room at Ennismore's Mondrian Cannes hotel in France.

Source: PRNewswire

French hospitality group Accor SA is considering a US initial public offering of its lifestyle hotel venture Ennismore, people with knowledge of the matter said.

Accor has been speaking with advisers about the potential Ennismore listing, which would seek to value the business at several billion dollars, said the people. The Ennismore venture operates over 180 hotels under brands including The Hoxton, Mondrian, 25hours Hotels, Hyde and Morgans Originals, according to Accor’s website.