Orbis to take over Accor’s operations in Central Europe

Written by on November 17, 2014 in Business - Comments Off on Orbis to take over Accor’s operations in Central Europe

Poland’s largest hotel operator Orbis Group has been cleared by its supervisory board to purchase the 46 existing and planned hotels in Central Europe from its strategic partner Accor in a 142.3 million euro deal which makes Orbis the sole licensor of all Accor brands in 16 countries and the leader of hospitality industry of the region.

Orbis is going to sign a new master licence agreement with Accor, which will give the former a right to operate until 2035 the hotel business under the Accor brands in 16 countries: Bulgaria, Czech Republic, Estonia, Lithuania, Latvia, Poland, Macedonia, Romania, Slovakia, Hungary, Croatia, Slovenia, Bosnia and Herzegovina, Montenegro, Serbia and Moldova.

For the full story, please visit The Warsaw Voice.

Comments

comments

About the Author