AccorHotels Plans Acquisition Of French Hospitality Company
by Jessica MontevagoAccorHotels is in talks with investment firm Edmond de Rothschild to buy Groupe Potel & Chabot, an upmarket conference and hospitality company that generates sales of about €100 million ($105 million).
“The combination of their knowledge with our leading positions in luxury hospitality, private rental and concierge services will provide our clients with unique services and expertise regarding tailor-made events,” AccorHotels Deputy Chief Executive Sven Boinet said in a statement on Monday.
The deal would expand Accor’s already growing portfolio. The France-based hotel giant recently acquired FRHI Holdings, which owns the Fairmont, Raffles, and Swissotel brands, for $2.7 billion.
