Archive for the AccorHotels Category

AccorHotels confirms signing of two new Mercure hotels

AccorHotels has announced that it has made two new Mercure signings, the Mercure Warwick Honiley Court (Warwickshire), and the Mercure Walsall Barons Court (West Midlands). Both hotels have been signed under franchise agreements with the Talash Hotels Group. The Mercure Warwick Honiley Court will consist of 62 bedrooms and will open as a Mercure hotel before the end of 2017. The Mercure Walsall Barons Court property has 94 bedrooms. Previously operating as a Best Western, it will open as a Mercure in Q1 2018. The new hotels are the fifth and sixth signings AccorHotels has made with the Talash Hotels

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AccorHotels buys out Mantra in £695m deal

AccorHotels today announced the signature of an agreement with Mantra Group with the view to acquire all of the issued capital in the company by way of a scheme of arrangement to be approved by shareholders. Under the terms of the agreement, AccorHotels would offer AUD3.96 (£2.34) in cash for each Mantra share including any potential special dividend. In total, AccorHotels will pay AUD1.3bn (£695m). Mantra is one of Australia’s largest hotel and resort marketers and operators with 127 properties and over 20,000 rooms in hotels, resorts and serviced apartments across Australia, New Zealand, Indonesia and Hawaii. Sébastien Bazin, chairman

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