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33 Accor’s $1.1 Billion Sale to Blackstone-Led Group Clears Way for Ennismore IPO

Skift
Sean O'Neill @ Skift 1 place · today 18:10 EDT

Accor’s $1.1 Billion Sale to Blackstone-Led Group Clears Way for Ennismore IPO

Accor loses ownership stake in these hotels but keeps its name on the buildings and continues to collect fees. This is the shift toward an asset-light, franchise-heavy model CEO Sébastien Bazin has long sought.

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