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16. Juli 2012 
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Accor acquires the South American hotel portfolio of Grupo Posadas
Accor consolidates its leadership in Latin America with the acquisition of the South American hotel portfolio of Grupo Posadas, a Mexican hotel company. This transaction, in line with the external growth strategy of the Group, includes 2,600 rooms (15 hotels) and a secured pipeline of 2,000 rooms (14 hotels). The acquisition follows the Mirvac acquisition in Australia and New Zealand, closed on May 22nd.
The total amount paid by Accor for this acquisition is $275 million. The transaction includes 15 hotels, of which 4 owned hotels, 4 variable leased hotels and 7 hotels under Management contract. These hotels are located in key cities as São Paulo and Rio de Janeiro in Brazil, Buenos Aires in Argentina and Santiago in Chile. 11 of these 15 hotels are located in Brazil, main regional economic force. The acquisition of this portfolio will reinforce the brands operated in the region: Sofitel, Pullman, Novotel and Mercure. The transaction also includes a secured pipeline of 14 hotels under Management contract and the acquisition of two brands operated by Grupo Posadas in South America: Ceasar Park and Ceasar Business.
Completion of the deal should occur by the end of 2012. The real estate component of this hotel portfolio will be managed according to Accor’s asset management policy.
The total amount paid by Accor for this acquisition is $275 million. The transaction includes 15 hotels, of which 4 owned hotels, 4 variable leased hotels and 7 hotels under Management contract. These hotels are located in key cities as São Paulo and Rio de Janeiro in Brazil, Buenos Aires in Argentina and Santiago in Chile. 11 of these 15 hotels are located in Brazil, main regional economic force. The acquisition of this portfolio will reinforce the brands operated in the region: Sofitel, Pullman, Novotel and Mercure. The transaction also includes a secured pipeline of 14 hotels under Management contract and the acquisition of two brands operated by Grupo Posadas in South America: Ceasar Park and Ceasar Business.
Completion of the deal should occur by the end of 2012. The real estate component of this hotel portfolio will be managed according to Accor’s asset management policy.
